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R2,900,000

500m² Building For Sale in City Centre

Invest in your PENSION FUND. Commercial Property For Sale. Permission is available as per Council to build a 4 storey residential block in the surplus open land.

Selling the Property at R2 900 000 and the Superette Business at R650 000

The Owner is nearing 80 years of age and is retiring. He has worked in and owned Property & Business over the course of 50 YEARS. This Commercial Property has two Businesses with short leases and two Residential Tenants with medium length leases. It is preferable (but not compulsory) to purchase both at the same time... If you are a developer it would be in your best interest.

The prospective BUYER can easily motivate to get a FRANCHISE into this space (if that is their vision). There is also a LARGE open space that he/she could use for parking or further development. Options include building an extension for a business and more rentable spaces upstairs. Please see the aerial photos which are current.

With the vision of the BUYER, it will be a great opportunity to establish a business that not only SUPPORTS the COMMUNITY but also benefits the BUYER and his/her family. In short you will be investing in your own PENSION FUND.

This commercial property has huge UPWARD potential (in fact Woolworths would definitely look at it - The Owner has proof of this assertion)

Features

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Title:
Freehold
Zoning:
Commercial
Interior
Power 3 Phase
Yes
Exterior
Security
No
Sizes
Floor Size
500m²
Building Height
4m
Extras
Additional Development Land
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Momentum Realty website is accurate and up to date, Momentum Realty 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.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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%

Monthly Payment

38,726.31

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