Enjoy passive income with an anchor tenant - Purchase this well-located commercial building, in a busy, growing and popular town, and earn solid rental income as landlord, enjoying cashflow and capital growth.
The building is a busy car dealership that sells and services vehicles and has a strong client base. It’s located on a busy main road with easy access to shops and businesses. It’s surrounded by many blue-chip retailers. This sort of business site is in high demand and a rare find.
The sale will be a VAT applicable property sale, with a site size of 3,630m2 and a modern building of 977m2 in size. The site is zoned as Business 1, allowing for various different uses and a possibility of 2 storeys if required.
The site can park 80 vehicles and has two show rooms, 6 service bays, 10 Offices, toilets, kitchen and reception.
It has been fitted with a solar system of 13 kVa with 60 panels, 18 kVa storage. The building was custom built in 2015 and in excellent condition. The purchaser will receive a 5-year confirmed lease with annual increase on inflation +1%.
Enquire for more details on the income generated and a non-disclosure document shall be provided.
DISCLAIMER
Century 21 Wildlife Properties have made every effort to obtain the information regarding these listings from sources deemed reliable. However, we cannot warrant the complete accuracy thereof, subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.
* DISCLAIMER *
Century 21 Wildlife Properties have made every effort to obtain the information regarding these listings from sources deemed reliable. However, we cannot warrant the complete accuracy thereof, subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.
Castings International (Pty) Ltd t/a Century 21 Wildlife Properties Registered with the PPRA as a Business Practitioner, FFC nr 202615041950000, F139321, who operates a trust account
