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EXCEPTIONAL INVESTMENT PROPERTY | CURRENT TENANTS | MAIN ROAD IN ALBERTON CENTRAL | CURRENT RENTAL R 92 000 PER MONTH
This is a VAT Transcation, price listed excludes VAT. Purchasing with a VAT registered entity means no transfer duties apply.
Why to Buy?
Property Information:
ERF (Erf Number): 621
Size of ERF (Extent): 2232 square meters
GLA (Gross Lettable Area): 1721 square meters
Location: Strategically situated in the bustling hub of Alberton Central, offering high visibility and easy accessibility for both tenants and customers
Road Visibility and Access: Prime road frontage and convenient access points ensure maximum exposure and ease of entry for customers and tenants alike
Property Type: Versatile investment commercial property suitable for a range of businesses, including retail, services, or offices
Fire Safety: Fully compliant with all fire safety regulations, ensuring the safety and security of occupants
Prepaid Electricity to Tenants: Each tenant enjoys the convenience of prepaid electricity, providing greater control over usage and billing
Metered Water: Metered water supply allows for accurate monitoring of water consumption, promoting efficient usage and cost management
Property Condition: Well-maintained property in good condition, reflecting pride of ownership and attention to detail
Rental Information:
Rented Capacity: Currently leased to tenants at 70% capacity(By m2) , offering stable rental income with potential for further occupancy
Current Rental Being Received: Monthly rental income of R91,[hidden] from existing tenants
Fully Tenanted Rental Opportunity: Potential to achieve a fully tenanted rental income of R128,[hidden] per month
Vacant Space: Two stores totaling 578 square meters are currently vacant, presenting an opportunity for additional rental income
Current Tenants:
Chemical Store
Supermarket
Printing Company
Supermarket and Take Away
Short Term Loan Lender
Tattoo
StoreFinancial Information:
Rates and Taxes: Property rates and taxes amount to R10,325 per month
Sewer and Other (Recovered from Tenants): Monthly cost of sewer and other services, recovered from tenants, totals R5,190
Estimated Monthly Expenses: Total estimated monthly expenses amount to R15,325
Estimated Current Net: Current net income after expenses is R75,[hidden] per month
Annual Net: Annual net income is calculated at R908,[hidden]
Lease A