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Auction: 10 December at 12h30

Opening Bid: R1 900 000

High commercial visibility / own business / great investment opportunity / rental income.
Located on Terrace Road which is the main East-West arterial road of Eastleigh, Edenvale. This very well-maintained and secure commercial premises is ideal for the small business owner, who either wishes to relocate or start a new business, or for the savvy investor who wants a great opportunity for investment with high rental returns.

High commercial visibility. The majority of this property is tenanted with strong tenants who have indicated that they will sign new long term leases.

Can be divided into 4/5 small businesses. Comes with a 40 kva generator which powers the majority of the property. An application for full business rights has been lodged and has been pre-approved.

Property Features:

- Tiled throughout
- His and her ablutions facilities throughout
- Shared services and kitchen
- Separate entrances
- Upstairs Conferencing area with our toilets and kitchen
- 2 Roller Shutter doors
- Dry walling so as to be able to re-design
- Numerous alarms
- Burglar bars and security gates throughout
- Parking bays for 22 cars- 12 under shade net
- Side structure of approximately 35m2 for document storage area/office
- All offices air-conditioned
- Electric fencing around the entire perimeter wall
- Security beams and security lights
- Outside entertainment area with built-in braai and water feature
- The entire ground area has been paved
- Own Borehole - needs pump and connection
- 40 Kva generator with up-to-date services
- Indented entrance to provide for easier traffic flow
- Potential for rental of third party signage

Auction Details

Address:18a Terrace Road, Eastleigh / Edenvale
Venue: On-site
Date: 10 December 2019
Time: 12h30

Registration and viewing 1hr prior to the auction.

Features

0
0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,487m²

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Bidders info Pack2.4 MB
Bidders Information Pack2.4 MB
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Firzt Realty Company website is accurate and up to date, Firzt Realty Company makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

13,215,073.67

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