R10,750,000
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
Exterior
Sizes
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