Commercial - Retail for Sale in Witkoppen

Description

Accepting Offers. DESCRIPTION: The property is located within popular and sought after Fourways and across the road from Fourways Mall. The Fourways is bound by Uranium Road to the north, Main Road to the east, William Nicol intersection to the south and Waterford Estate to the west. With a strategic location offering easy access to major highways (N1) and a growing population, the dynamic area boasts of a combination of retail, office and entertainment spaces and presents a prime opportunity for commercial property investment. CAP RATE - 10% • Offices - 4566m² (over 2 floors) • Clicks and Intercare are the tenants • 100% Let • Escalation - 7% • Cap Rate - 10% • Basement parking • Secure open parking INCOME (P/A): • Total Gross Rental - R7 872 007.00 • Storage - R146 878.00 • Open parking - R28 644.00 • Basement parking - R334 174.00 • Total Income - R8 381 702.00 • Property management fee - R125 726.00 • Contractual expenses -R739 535.00 • Rate & taxes expenses -R678 38.00 • Repairs & maintenance - R176 834.00 • Total net expenses - R1 720 476.00 • Total NPI - R6 661 226 215.57.00 P.S. Not quite right? Not a problem. I have plenty of private stock that might work for you - Call me to learn more. DETAILS: • Erf No: 1330, Witkoppen Ext 96 • Erf Size: 8 339m² DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to bidding.