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R25,000,000

Monthly Rates
R11,000 Excl. VAT

Shopping Centre ( Suburban ) ForSale KZN South Coast - Pick n Pay / Engen - R30m neg

Compact suburban Shopping Complex on South Coast of KZN FOR SALE at an Asking Price of R30 million - Negotiable. About 20km form Port Shepstone..

Has a new 10 year lease with PICK n PAY (Corporate store not franchise), Pick n Pay Liquors, and an ENGEN filling station with QUICK SHOP, pumping in excess of 1 Million Litres per month. LONG ENGEN LEASE . It's the only filling station within a 20 km radius, and serves a massive township in addition to all road traffic on this main road, and holidaymakers. Long lease in place with operator for filling station..

The smaller stores have short leases ( this was landlords' strategy of operating BUT can easily be changed ) . If another two or three National tenants are secured in future, YIELDS can be dramatically increased. Asking R.O.I. about 6,50% based on R30 million. (Neg).

Centre needs some attention ie:- A Repaint.

Please call REGINALD for a confidential discussion.

Features

0
150
Title:
Freehold
Building Name:
Marlin Mall
Zoning:
Retail
Interior
Air Conditioning
Yes
Exterior
Security
Yes
Sizes
Floor Size
2,000m²
Parking Bays
Open Parking Bays
150
Extras
Rooftop parking. Main street frontage. Huge catchment area. Closest filling station 20 km away..

Make an Offer

Market value

R25,000,000

Offers from

R25,000,000

Offers for this listing must be made in R500,000 increments. More Info

 
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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

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

333,847.50

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