R8 390 000
Monthly Bond Payment: R
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EXCEPTIONAL INVESTMENT PROPERTY | CURRENT TENANTS | MAIN ROAD IN ALBERTON CENTRAL | CURRENT RENTAL R 92 000 PER MONTH
20 Voortrekker Street
Commercial Property in Alberton Central For Sale
20 Voortrekker, Street
EXCEPTIONAL INVESTMENT PROPERTY | CURRENT TENANTS | MAIN ROAD IN ALBERTON CENTRAL | CURRENT RENTAL R 92 000 PER MONTH
Monthly Bond Payment: R
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EXCEPTIONAL INVESTMENT PROPERTY | CURRENT TENANTS | MAIN ROAD IN ALBERTON CENTRAL | CURRENT RENTAL R 92 000 PER MONTH
This is a VAT Transcation, price listed excludes VAT. Purchasing with a VAT registered entity means no transfer duties apply.
Why to Buy?
Property Information:
ERF (Erf Number): 621
Size of ERF (Extent): 2232 square meters
GLA (Gross Lettable Area): 1721 square meters
Location: Strategically situated in the bustling hub of Alberton Central, offering high visibility and easy accessibility for both tenants and customers
Road Visibility and Access: Prime road frontage and convenient access points ensure maximum exposure and ease of entry for customers and tenants alike
Property Type: Versatile investment commercial property suitable for a range of businesses, including retail, services, or offices
Fire Safety: Fully compliant with all fire safety regulations, ensuring the safety and security of occupants
Prepaid Electricity to Tenants: Each tenant enjoys the convenience of prepaid electricity, providing greater control over usage and billing
Metered Water: Metered water supply allows for accurate monitoring of water consumption, promoting efficient usage and cost management
Property Condition: Well-maintained property in good condition, reflecting pride of ownership and attention to detail
Rental Information:
Rented Capacity: Currently leased to tenants at 70% capacity(By m2) , offering stable rental income with potential for further occupancy
Current Rental Being Received: Monthly rental income of R91,000.00 from existing tenants
Fully Tenanted Rental Opportunity: Potential to achieve a fully tenanted rental income of R128,000.00 per month
Vacant Space: Two stores totaling 578 square meters are currently vacant, presenting an opportunity for additional rental income
Current Tenants:
Chemical Store
Supermarket
Printing Company
Supermarket and Take Away
Short Term Loan Lender
Tattoo
StoreFinancial Information:
Rates and Taxes: Property rates and taxes amount to R10,325 per month
Sewer and Other (Recovered from Tenants): Monthly cost of sewer and other services, recovered from tenants, totals R5,190
Estimated Monthly Expenses: Total estimated monthly expenses amount to R15,325
Estimated Current Net: Current net income after expenses is R75,675.00 per month
Annual Net: Annual net income is calculated at R908,100.00
Lease Agreements:
Current lease agreements vary in duration, offering stability and flexibility for both landlords and tenants.
Transaction Details:
Transaction Type: VAT Transaction, offering potential savings on transfer duties
Power: Three-phase electricity supply, catering to the diverse needs of tenants
Parking and Accessibility:
Parking for Tenants: Dedicated covered parking spaces available for tenants, ensuring convenience and security
Customer Parking: Ample parking options including road-side parking and parking within the mall premises cater to the needs of customers
Entrance: Dual entrances located at both the front and back of the property facilitate smooth flow of traffic
Financial Analysis:
CAP Rate (Fully Tenanted): At full occupancy, the property boasts a competitive CAP rate of 13.10%, reflecting the potential for strong returns on investment
CAP Rate (Current Tenants): Current CAP rate based on existing tenants stands at 9.09%, offering a solid foundation for income generation and growth
This meticulously detailed investment commercial property in Alberton Central presents a rare opportunity for discerning investors. With its strategic location, stable rental income, and potential for further expansion, this property promises to be a lucrative addition to any investment portfolio
For further information or to schedule a viewing, get in touch!
Bond Payments | R |
Mun. Rates & Taxes | ZAR 10,325 |
Web Ref | RXCR-29081 |
Property Type | Commercial Property |
Building Size | 1721m2 |
Erf Size | 2232m2 |
Bathrooms | 12 |
Ken de Melo
Candidate Property Practitioner
RE/MAX All Stars (Alberton)
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John de Melo
Team Leader
RE/MAX All Stars (Alberton)
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Monthly Bond Payment: R