Investment Property For Sale
R8 000 000

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Information.

Agent: André Van Niekerk
Tell: 082 927 4045
Email: andre@multiproperties.co.za

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Property
Features

Property ID: 5249472
Area Size: 6681m2
Bathrooms: 4
Kitchens: 2
ERF: 8580
Lot Size: 2267m2
Monthly Rates: 12 139
Internet Access: ADSL
Wheelchair Accessibility: Yes
Back-Up Water Supply: No
Floor Number: 1
Parkings: 26
Location: Cnr Volstruis &, Kiewiet St, Secunda, 2302

Description

This property brings with it the opportunity for a new discerning investor to become the new landlord for the established 'Build It' business in Secunda. Three additional tenants including a Vodacom mast bring the monthly income to approximately R 75k (excluding Vat) per month. A sizeable erf of over 6,500m² with permanent improvements of approximately 2267m² adds to the practical element this property boasts. The 'Build It' business is also up for sale at an additional 4 million, brining the total cost to 12 million, but the good news is that if the same Purchaser would acquire both, then there will be a discount considered of 1 million with a total price of 11 million. Excessive transfer costs can be saved by purchasing the legal entities holding the ownership of the property and the business separately. The reason for selling is due to the landlord and business owner deciding to relocate to another part of South Africa. This is a great opportunity for any ambitious businessman with a proactive hard-working ethic, or simply for a property investor seeking an addition to his passive income portfolio. Please do not hesitate to contact me for more information.