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Commercial Property in Newlands For Sale

R3 995 000

Bedroom icon 20 7 407m2 1165m2
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Commercial Property in Newlands For Sale

PRICE DRASTIC REDUCED 20 Room mixed accommodation 1,5 km from MENLYN BUSINESS HUB,

149 Loskop Street

Bedroom icon 20 7 407m2 1165m2

Commercial Property in Newlands For Sale

149 Loskop, Street

PRICE DRASTIC REDUCED 20 Room mixed accommodation 1,5 km from MENLYN BUSINESS HUB,

R3 995 000

Monthly Bond Payment: R

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7 Bedroom icon 20 1165m2

Features

  • Parking 20

Description

Major price reduction. Well maintained face brick house with large garden and ample parking. Be bold and make an offer!!

20 Large Bedrooms @ average of R4 000 rent p.m.p.r. 

 

407m2 GROSS LETTABLE AREA.

CURRENT NETT INCOME: ± R 75 000 – Exp. R 20 000 = R 55 000 

 

ROI currently between 5% and 8%. Future ROI of 12% can be achieved. 

Meals (supper only) were provided but discontinued during COVID. Additional income of R 30 000 + p.m.

Used as mixed, lodge and B B accommodation.  

Not VAT registered. Transfer fees will apply.

Monthly Costs

Calculated over 20 years at % with no deposit.

Bond Payments R
Mun. Rates & Taxes ZAR 4,500

Property Details

Web Ref RXCD-10346
Property Type Commercial Property
Building Size 407m2
Erf Size 1165m2
Bedrooms 20
Bathrooms 7

Map

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Buks van der Linde

Intern Agent

RE/MAX Jacaranda (Faerie Glen)

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Enquiry about property Ref:RXCD-10346

R3 995 000

Monthly Bond Payment: R

currency bond calculator
  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR

Contact Agent

Agent profile picture

Buks van der Linde

Intern Agent

RE/MAX Jacaranda (Faerie Glen)

MessageCall me back Whatsapp
Book a viewing

Contact Buks van der Linde

Agent profile picture

Buks van der Linde

Intern Agent


RE/MAX Jacaranda (Faerie Glen)

Show number

Show number

Enquiry about property Ref:RXCD-10346