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Double Story Building (Mixed Use)
R 7,495,000
Can I afford this?
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1 year ago205 views
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General Details
Location:
Description
- Double story building.
- The property can be used for Residential purposes and is situated in a highly sought after area
- Entrance is on a pedestrian only street resulting in a lot of foot traffic
- The building can be built higher above the first floor by 60m
- Erf no: 2474
- Each floor is 131 m2
- Total - 262m2
- GB7 Zoning
- Rates = +- R3000pm
- Improvement District Levy +- R450pm
- Downstairs rental = R15,000 (5 year lease)
- Upstairs rental = R7,000 (5 year lease)
- In addition to the inside staircase there is an outside staircase to access upstairs meaning you can have two separate tenants upstairs and downstairs
- Located on pedestrian walkway with lots of foot traffic
- There is a walk-in Chubb safe
- The ground floor tenant pays via a standard electricity board
- The first floor tenant pays via a prepaid meter
- Tenants pay for water
- Two kitchen areas
- Two bathrooms
- Good security
- Fully alarmed
- Fibre
- Parking garages in the area.
Property Reference #: CL3085
Agent Details:
Helen Maroulis
Sothebys International Realty Commercial
49 Tokai Road
Tokai
7945
- The property can be used for Residential purposes and is situated in a highly sought after area
- Entrance is on a pedestrian only street resulting in a lot of foot traffic
- The building can be built higher above the first floor by 60m
- Erf no: 2474
- Each floor is 131 m2
- Total - 262m2
- GB7 Zoning
- Rates = +- R3000pm
- Improvement District Levy +- R450pm
- Downstairs rental = R15,000 (5 year lease)
- Upstairs rental = R7,000 (5 year lease)
- In addition to the inside staircase there is an outside staircase to access upstairs meaning you can have two separate tenants upstairs and downstairs
- Located on pedestrian walkway with lots of foot traffic
- There is a walk-in Chubb safe
- The ground floor tenant pays via a standard electricity board
- The first floor tenant pays via a prepaid meter
- Tenants pay for water
- Two kitchen areas
- Two bathrooms
- Good security
- Fully alarmed
- Fibre
- Parking garages in the area.
Property Reference #: CL3085
Agent Details:
Helen Maroulis
Sothebys International Realty Commercial
49 Tokai Road
Tokai
7945
Id Subtitle 1114635921
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Estimated monthly repaymentR 81,224
Total property loan amountR 7,495,000
Total interestR 11,998,723
Total repaymentR 19,493,723
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Sothebys International Realty Commercial
Selling for 2+ years
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