2,500m² For Sale in Bronkhorstfontein Agricultural Holding
R10,750,000
Web Ref No CL156
Investment Property For Sale with yield @ 10%. Occupied tenant 20 years
Investment Commercial Property for Sale Yield @10%
Long term lease (Department of Labour) Prime location – Government Hub
Property Description • Prime Commercial • Lettable Area: 1288 sqm • Total Area: 2500 sqm • 3 phase power
Tenant description: • 9 shops, pre paid meters • Department of Labour (tenant for 20 years to date)
Note: • The Department of labour is leasing for 20 years til date. • The owner has improved the building to meet the department of labour new specification. Improved cost of R1 Million. • The owner is currently discussing with another department for additional lettable space
Utilities
• R30 000 per month (average) • R10 000 per month received from tenants (average) 9 shops @ R4500 pm Dept of labour @ R5500 pm
Income
• Gross Income: R 113 000.00 • Nett income: R 93 000.00 (average)
Yield @10% yield Selling @ R 11 Million
Improvements: The owner has improved the building to meet the department of labour new specification. Improvement cost of R1 Million
Features
Zoning Commercial
Floor Size 2,500m²
Land Size 2,500m²