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Going on Auction in Regents Park!
R 1,490,000
Can I afford this?
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5 months ago132 views
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General Details
Location:
Description
This commercial asset is very well-located!
Situated on the Corner of August Rd & James Street, Regents Park.
Easy access from North Rd and Diagonal Rd and nestled by a residential node.
Currently tenanted by:
- Liquor Shop
- Supermarket
- Church
- Residential Tenant
Currently Gross Income R33.735.97p/m
A transaction is feasible at a yield of 17%+ p/a
The face-brick building is typically Cash 'n Carry style, with flat aluminium roofing.
Box-shaped building, ideal for traders.
A steady passive income and a solid tenant mix make this property attractive at the correct price level!
Full details available in the bidder’s pack.
Property Reference #: CL1344
Agent Details:
Michael Ilunga
Firzt Realty (Pty) Ltd
44 Glenhove Road
Melrose Estate
Johannesburg
Situated on the Corner of August Rd & James Street, Regents Park.
Easy access from North Rd and Diagonal Rd and nestled by a residential node.
Currently tenanted by:
- Liquor Shop
- Supermarket
- Church
- Residential Tenant
Currently Gross Income R33.735.97p/m
A transaction is feasible at a yield of 17%+ p/a
The face-brick building is typically Cash 'n Carry style, with flat aluminium roofing.
Box-shaped building, ideal for traders.
A steady passive income and a solid tenant mix make this property attractive at the correct price level!
Full details available in the bidder’s pack.
Property Reference #: CL1344
Agent Details:
Michael Ilunga
Firzt Realty (Pty) Ltd
44 Glenhove Road
Melrose Estate
Johannesburg
Id Subtitle 1248353036
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Estimated monthly repaymentR 16,148
Total property loan amountR 1,490,000
Total interestR 2,385,337
Total repaymentR 3,875,337
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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Firzt Realty (Pty) Ltd
Selling for 2+ years
Total Ads1.14K
Active Ads1.14K
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