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R 10 500 000
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*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.

Commercial Property for Sale in Bendor

Bendor, Polokwane
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  • Floor Size 1 160 m²
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Shellton Basson

Fabulous investment property available in isimini avenue

A stunning staircase meets you upon entry and elegant touches such as granite and marble finishes are prevalent throughout. The developer used expensive finishes when designing and building the property which creates that distinct feeling of opulence as you enter.

With an erf size of 902 m² and offices of 1 160m², this investment property could provide you a rental income of R127 000 to R150 000 per month (calculated conservatively from tenants at R110 to R140 per m².

With your bond payment at around R110 000 per month as this will be a commercial bond and would require 30% deposit, you can / could realize a return on investment of 15%-18% in Liquid ROI (Return on investment), along with an average of 4% capital growth p.a.

This calculates to a phenomenal Total ROI of between 19% – 22%, this is outstanding when compared to the nominal bank investment...

A stunning staircase meets you upon entry and elegant touches such as granite and marble finishes are prevalent throughout. The developer used expensive finishes when designing and building the property which creates that distinct feeling of opulence as you enter.

With an erf size of 902 m² and offices of 1 160m², this investment property could provide you a rental income of R127 000 to R150 000 per month (calculated conservatively from tenants at R110 to R140 per m².

With your bond payment at around R110 000 per month as this will be a commercial bond and would require 30% deposit, you can / could realize a return on investment of 15%-18% in Liquid ROI (Return on investment), along with an average of 4% capital growth p.a.

This calculates to a phenomenal Total ROI of between 19% – 22%, this is outstanding when compared to the nominal bank investment rates.

This well-maintained property could be the home of your newest business venture or just as an investment. If you plan on considering purchasing this as an investment, you could subdivide and sectionalize this building, which would maximize rental incomes per m² (the smaller the m², the higher the rental yield per m²), for an even greater return on investment.

*The sales price is Excluding VAT.

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Listing number: P24-108963407, Image number: 1
Listing number: P24-108963407, Image number: 2
Listing number: P24-108963407, Image number: 3
Listing number: P24-108963407, Image number: 4
Listing number: P24-108963407, Image number: 5
Listing number: P24-108963407, Image number: 6
Listing number: P24-108963407, Image number: 7
Listing number: P24-108963407, Image number: 8
Listing number: P24-108963407, Image number: 9
Property Overview
Listing Number
108963407
Type of Property
Commercial Property
Description
Office
Listing Date
07 August 2020
Erf Size
902 m²
Floor Size
1160 m²
Levies
R 500
Rates and Taxes
R 6 700
Bathrooms
4
Board Rooms
3
Kitchens
3
Offices
22
Parking
17
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Bond Calculator

R
R
%
years
Monthly Repayment:
Total Once-off Costs:
Min Gross Monthly Income:
View Breakdown
What do I qualify for based on my income?
What are the bond and transfer costs?
*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.
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By continuing I understand and agree with
Property24's Terms & Conditions and Privacy Policy.

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