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
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
Sizes
Listing Info
Finance
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Choprop Sales & Letting website is accurate and up to date, Choprop Sales & Letting makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
