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Commercial Property for Sale in Rosemoor
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688 m²
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Commercial Property For Sale
This well known commercial property is robustly equipped with business zoning and ideally nestled to support the surrounding community. Even though the building could appreciate some work, the long term stability this location offers, far outweigh the initial effort to set this property up as a profitable investment. With 5 different income streams from tenants, the risk is spread and the commitment is confirmed. At, its asking price the current yield caps at over 12%... quite rare in the current George market. This is not a Vat transaction and Transfer Duty applies. Feel free to call me to discuss any questions you might have.
Property Overview
Listing Number
114499032
Type of Property
Commercial Property
Street Address
Description
Retail
Listing Date
05 June 2024
Gross Price
R 2 800 000
Net Price
R 2 800 000
Availability Date
05 June 2024
Erf Size
1 112 m²
Floor Size
688 m²
Special Levy
R 0
Rates and Taxes
R 3 495
Zoning
General Business
Floor Number
0
Facilities
Bathrooms
4
Kitchens
2
External Features
Parking
4
Building
Building Name
Simons Trust
Gross Lettable Area
688 m²
Green Building
No
Building Grading
C Grade
Multi Tenanted
Yes
Facing
Level Road
Standalone Building
Yes
Other Features
Nearby Public Transport
Bus, Minibus Taxi
Internet Access
ADSL
Wheelchair Accessible
No
Generator
No
Backup Water
No
Points of Interest
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