Guide Price R 3 000 000 R 3 500 000
Accepting Offers
Description:
Commercial Investment property with high visibility with redevelopment potential in Wetton
Good location on Govan Mbeki Road (ex-Lansdowne Road), Wetton
On Bus and Taxi routes and close to train Station
1 059 m2 double plot has been consolidated
Building comprising of 6 Offices, Reception Area, Male/Female Toilet, Loft and a Kitchen
200 m2 Carport and Double Garage with storeroom.
Two additional Crete structures used as storerooms
400 m2 yard, closed fully paved
250 m2 paved, front, off-street parking
Fully secured by alarm, burglar bars, palisade fencing and access control
Ocean Properties 5 Year Lease R 30 000 per Month 8% Escalation Yani Autos 1 Year Lease R 10 000 per Month 8% Escalation
Gross Annual Rental Income is R 480 000.00
Expenses:
Rates and Taxes R 2165
Refuse R 475
Alarm R 540
Insurance R 1150 Total Expenses R 4330 per month or R 51960 per annum.
Details:
Erf no: 1536
Erf size: 1057m²
Building size: 500m²
GLA: 500m²
ClareMart started as a small business over 40 years ago and has grown to multi-faceted company offering complete property solutions. ClareMart dominates the market, particularly in the Western Cape with an active database of over 20 000 qualified buyers.
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