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R 13 000 000

Commercial Property for Sale in Polokwane Central

Polokwane Central, Polokwane

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1 002 m²

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Commercial Property for Sale in the Heart of Polokwane!

This Property offers you:

Building 1:

+/- 550m²

4 Closed offices

3 Open offices

Board room

Server Room

Storeroom

2 Kitchens

2 Bathrooms

2 Receptions

Retail area

5 Parking spaces

Generator

Building 2:

+/- 550m²

2 Bathrooms

Kitchen

2 Built in safes

7 Offices

Board room

Recording Studio

Retail area

Generator

Building 2 is currently generating R 60 000.00 rental income per month and Building 1 has a potential rental income of R 60 000.00 – r 70 000.00 per month. Which counts up to the total of R 1 440 000.00 – r1 560 000.00 per year on rental income. Assuming your monthly expenses on the property would be about 20% of your total rental income, it will lead to a Liquid Return on Investment of 9.6%, a Capital Growth Rate of 6% because it’s a commercial property. The Total Return on Investment will thus be 15.6% which is 8.6% above the...

Listing number: P24-110706431, Image number: 1

Listing number: P24-110706431, Image number: 2

Listing number: P24-110706431, Image number: 3

Listing number: P24-110706431, Image number: 4

Listing number: P24-110706431, Image number: 5

Listing number: P24-110706431, Image number: 6

Listing number: P24-110706431, Image number: 7

Listing number: P24-110706431, Image number: 8

Listing number: P24-110706431, Image number: 9

Property Overview

Listing Number

110706431

Type of Property

Commercial Property

Description

Office, Retail

Listing Date

23 November 2021

Erf Size

1 428 m²

Floor Size

1002 m²

Rates and Taxes

R 12 000

Facilities

Bathrooms

Board Rooms

Kitchens

Offices

External Features

Parking

Building

Roof

Zinc

Wall

Plaster

Window

Aluminium

Other Features

Generator

Yes

Points of Interest

Bond Calculator

*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.