INVESTMENT PROPERTY FOR SALE IN OAKDALE, BELLVILLE

R 6,750,000

4 months ago101 views
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General Details
For Sale By:Agency
Size (sqm):600
Parking:Covered
Description
This building is situated on the very well known Northumberland Road in Bellville. Just off the N1 Highway with high exposure and foot traffic.

Zoning for this property is General Industrial 1 for Retail usage.

Rental income for the period of 1 January 2020 - 31 December 2020,
Gross Annual Income : R690 278.00
Tenant - Wholesalers

Expenses per annum:

Rates/Taxes = R55 089.00
Insurance = R12 722.00
Maintenance/Sundries = R12 000.00
Total = R79 811.00

Annual Nett Rental Income : R 610 467.00
Return year 1 : 9%

Lease agreement : Expires 31 March 2021 (Option to renew)

Property Reference #: TB600NS

Agent Details:
Toinette Barrett
Office Place Cape Town
Block 4, Portion of 1st FloorUnit 404, De Tijger

Id Subtitle 774692662
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Office Place Cape Town
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