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R3,350,000

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Monthly Rates
R2,799 Excl. VAT

Excellent commercial rental investment of 311sqm with rental income just under R25,000 a month

This property is situated in an excellent location in the main street of Groot Brak River with parking available in front for customers. The exterior was upgraded in December 2017.

The total rental income is equal to R24692.45, including VAT, excluding rates and taxes and is put together as follows:

Tenant 1: 170sqm - R14,357.45 per month (5 year contract expiring 30 June 2024).
Tenant 2: 130sqn - R9,450.00 per month (1 year contract expiring 29 Feb 2020).
Tenant 3: 11sqm - R885.00 per month (1 year contract expiring 31 March 2020).

Great Brak River is an exceptional village with lots of history and landmarks. This small town offers all the basic amenities of a town and is situated halfway between George and Mossel Bay in the Garden Route. It is only a 3 minute drive from the beach and 15 minutes to George Airport.

Features

0
0
Title:
Freehold
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
400m²
Land Size
667m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Meridian Realty website is accurate and up to date, Meridian Realty 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

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
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Monthly Payment

44,270.50

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