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Commercial Property For Sale - Great Income Opportunity
R 10,600,000
Can I afford this?15 Photo(s)
11 months ago167 views
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General Details
Location:
Description
This commercial property is located in the CBD of Umkomaas with spectacular sea views and under 5 minutes walk to the beach. This complex consist of an upper level which is 800sqm and ground floor level of 1055sqm, which makes it ideal for small entrepreneurs. One could open up a mini chain store, food franchise, training center, office, warehouse or can for storage purposes. This well developed complex is close to the taxi rank and railway station. Has a constant flow of traffic and commuters. Close to all local businesses, industrial (Sappi) and residential areas.
Property also has 3 flatlets on the rear end of the property, which can be used to rent out. Easy access to the freeway. Close to almost all daily amenities. Great investment return with immense potential to increase. Worth looking into!
Umkomaas is well known for its Aliwal Shoal and diving charters. Come and enjoy the treasures of the UNDER WORLD! Lots to do in this area eg golfing, tennis, fishing, bowling, river rafting or just leisure at the beach!! Umkomaas being a famous holiday destination, has all the needs to satisfy its tourist i.e. restaurants, local stores and holiday accommodation, banks etc.
Umkomaas is approximately 35 minutes away from Durban and approximately 55 minutes away from Port Shepstone... Best of both worlds!! Its neighbouring towns are Scottburgh and Amanzimtoti, which as well, are fully fledged towns for your convenience. Investing in these areas is well worth it!!
Kindly take note that the information available on this advert has been gathered from different sources. Please also note omissions and errors excepted.
Rates And Taxes: 6210
Property Reference #: 10320
Agent Details:
Sharitha Rajcoomar
PROprop
Dura Office Park, Unit 1, 90 Escom Road, New Germany, Durban
Property also has 3 flatlets on the rear end of the property, which can be used to rent out. Easy access to the freeway. Close to almost all daily amenities. Great investment return with immense potential to increase. Worth looking into!
Umkomaas is well known for its Aliwal Shoal and diving charters. Come and enjoy the treasures of the UNDER WORLD! Lots to do in this area eg golfing, tennis, fishing, bowling, river rafting or just leisure at the beach!! Umkomaas being a famous holiday destination, has all the needs to satisfy its tourist i.e. restaurants, local stores and holiday accommodation, banks etc.
Umkomaas is approximately 35 minutes away from Durban and approximately 55 minutes away from Port Shepstone... Best of both worlds!! Its neighbouring towns are Scottburgh and Amanzimtoti, which as well, are fully fledged towns for your convenience. Investing in these areas is well worth it!!
Kindly take note that the information available on this advert has been gathered from different sources. Please also note omissions and errors excepted.
Rates And Taxes: 6210
Property Reference #: 10320
Agent Details:
Sharitha Rajcoomar
PROprop
Dura Office Park, Unit 1, 90 Escom Road, New Germany, Durban
Id Subtitle 1207098442
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Estimated monthly repaymentR 114,873
Total property loan amountR 10,600,000
Total interestR 16,969,508
Total repaymentR 27,569,508
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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Selling for 12+ months
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