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R 57 000 000

Commercial Property for Sale in Polokwane Central

Polokwane Central, Polokwane

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1 416 m²

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J.P Lopes

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Mega commercial investment!! Justified returns!!

It is not common for an opportunity of this magnitude to avail itself in the market BUT we at Remax have a great offer waiting for you. This property is located in the busy CBD of Polokwane and is occupied by a top end Government Parastatal. The tenants have been occupying this building for many years with a 5 year lease currently in place. The Nett Annual Income is R7 180 000.00 Ex VAT with a 6% annual escalation on the rental amount. This gives you a Nett R.O.I of 12.6% per annum which will get better with escalation. A solid opportunity awaits qualifying investors.

**photos of polokwane landmarks for advertising purposes only**

**no time wasters!! ONLY COMPETANT AND QUALIFYING BUYERS NEED RESPOND** **SELLING PRICE IS EX VAT**

If you do not know what you qualify for, we can assist you with an in-house pre-qualification FREE OF CHARGE!!! If this...

Listing number: P24-109317859, Image number: 1

Listing number: P24-109317859, Image number: 2

Listing number: P24-109317859, Image number: 3

Listing number: P24-109317859, Image number: 4

Listing number: P24-109317859, Image number: 5

Property Overview

Listing Number

109317859

Type of Property

Commercial Property

Description

Office

Listing Date

05 November 2020

Availability Date

05 November 2020

Erf Size

3 200 m²

Floor Size

1416 m²

Levies

R 3 000

Rates and Taxes

R 8 000

Points of Interest

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