OWNER EMIGRATING - PRICED TO SELL. 2 PRIME ORIGINALLY RESIDENTIAL PROPERTIES WITH COMBINATION RES 1 & BUSINESS 4 ZONING IN PRIME LOCATION WITH FANTASTIC AND DIRECT FRONTAGE TO ONTDEKKERS ROAD DIAGONALLY OPPOSITE HORIZON VIEW SHOPPING CENTRE AND WESTGATE MALL.
CONTACT AGENT FOR DETAILED AUCTION PACK OR CLICK ADDITIONAL DOCUMENTS BUTTON ABOVE AND DOWNLOAD.
Erf 178 - Vat Excl Rental including Sewer, Water and Refuse: ± R13,809
Erf 181 - Vat Excl Rental including Sewer, Water and Refuse ± R15,248
Total Income with 5% esc : R29,057 per month or R348,684 ex vat per annum
These 2 prime erven of 1080 & 1084sq/m and will transfer in one transaction, however, they can be split after and sold individually. They share a common access gate at the moment with plenty paved parking space in front and at the back of the property and are currently let out to 2 separate tenants, namely The Complete School of Hairdressing and the Mens Clinic International. The buildings both comprise receptions areas, training rooms, consulting rooms, kitchens, staff ablutions and Chill area for staff at the rear of the property. The opportunity exists to purchase both properties as a going concern and to potentially transfer the properties as a zero rated VAT transaction, subject to SARS approval. The Leases are in place for up to 4 years, but can be cancelled with a couple months notice if the new Buyer wishes it. There is also significant redevelopment opportunity here so these fantastic erven offer flexibility in the current economy. An info pack is available upon request. There's also the additional Matterport virtual tour for the second building (Mens Clinic International) available.