Accepting Offers.
DESCRIPTION:
• Huge 2608m² property with buildings of about 1500 of GLA.
• Selling with existing triple net lease with Astron Enegry from January 2018 - terms 15 plus 5 years at ±R 270 000pm or ±R3 240 000 per annum with an escalation of 8%
• Municipal valuation of property is ±R16 000 000
• Market value of property ±R21 000 000
• Room to add more tenants
• Rates, water, electricity and all maintance of the property is all paid by Astron Energy.
• Projected income of remanding lease of 8 years: R40 206 452 incl VAT or R34 782 608 exl VAT
More information will be supplied after signing a NDA
NOTE:
Astron spent R20 million revamping the site.
DETAILS:
• Erf size: 2608m²
• Zoning: General Business 4
DISCLAIMER:
The information supplied in the following 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 purchasing.
Property Address
Parow Central, Parow, Western Cape