Link Business

Established Commercial & Residential Property

R13 000 000Western Cape (WC - Garden Route)Listing: #GR00062


Western Cape (WC - Garden Route)  


R13 000 000


Services
Refer to Broker


About this business for sale

Established Commercial & Residential Property

Situated on a busy street in the centre of town, this property investment opportunity comprises 2 buildings  opposite each other.

They are mixed use properties, with 10 commercial tenants and 4 residential tenants.

All units are securely let, with some tenants having been in the building for over 15 years and they have become "landmarks". Escalations on leases range between 6% and 10% per annum.

The buildings are fairly well maintained, and there is no immediate upgrade requirement for the new landlord save for the usual property maintenance issues.

Yielding an average net monthly revenue of R112 600 the R O I will be around 10,4%.

Here is a passive income opportunity with the security of tenure and capital growth. With well established "payment-on-time" tenants, there is very little work required of the new landlord.

The asking price is exclusive VAT.

Garden Route
chris.woodcock@linkbusiness.co.za
Mobile Only
083 376 1149

Chris Woodcock