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R 6 000 000

Commercial Property for Sale in Vasco Estate

Vasco Estate, Goodwood

Contact broker for street address

Contact Broker

Josh Raisun

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13% net return with tenant been there for over 30 years!

Accepting Offers.

DESCRIPTION:

AGENTS THIS IS AN EXCLUSIVE SOLE MANDATE - PLEASE RESPECT OUR SELLERS CHOICE OF AGENCY

This property is set in the heart of Goodwood and has just undergone a huge renovation over the last two months. Close to all shopping centres, schools and easy access to all motorways. The property is being used as a police station and pays a rental of R73,359.26 excl VAT.

Vat entity so the transaction can be zero rated.

• 2 x Erven of 495m² each

• Total size 990m²

• Zoned SR1 Usage - business & commercial

• Parking across the road for over 50 cars makes it convenient for the Police Station

• Tenant been there for over 30 years

• R73,359.26 excl VAT p/m / R880,311.12 excl VAT p/a.

• Annual renewal and escalation

• 13% Yield makes it a great investment

• All utilities are paid by tenants but not rates.

• Seller only pays rate of...

Accepting Offers.

DESCRIPTION:

AGENTS THIS IS AN EXCLUSIVE SOLE MANDATE - PLEASE RESPECT OUR SELLERS CHOICE OF AGENCY

Vat entity so the transaction can be zero rated.

• 2 x Erven of 495m² each

• Total size 990m²

• Zoned SR1 Usage - business & commercial

• Parking across the road for over 50 cars makes it convenient for the Police Station

• Tenant been there for over 30 years

• R73,359.26 excl VAT p/m / R880,311.12 excl VAT p/a.

• Annual renewal and escalation

• 13% Yield makes it a great investment

• All utilities are paid by tenants but not rates.

• Seller only pays rate of R6,648.00 p/m & insurance R945.00 p/m

• VAT entity - Zero rate the transaction

Renovation completed in the last two months:

• Roof has been fixed and painted.

• All old Asbestos Roof and Drain pipes have been replaced with IBR and PVC Gutters

• Entire building has been repainted and waterproofed.

• External drain gutters have been repaired.

• Wendy Houses repainted and repaired.

• Offices have been repainted and ceilings repaired / repainted.

• All Doors have been repainted and repaired.

• Women's bathroom redone / Steel window replaced with aluminum window.

• Men's bathroom repainted

• Installed and repainted skirtings.

• Paving outside has been repaired.

• All Steel gates and staircase has been primed and painted.

• New fluorescent lights have been installed in the offices.

• New flooring installed in some of the upstairs offices.

DETAILS:

• Erf No (Extent): 7294, Goodwood (495m²)

• Erf No (Extent): 7295, Goodwood (495m²)

• Zoning: Single Residential 1

DISCLAIMER:

The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.

The Claremart Group is a leader in commercial and residential properties. We attract huge crowds to our auctions and consistently match and exceed the mandated price on properties sold under our hammer.

Listing number: P24-114537052, Image number: 1

Listing number: P24-114537052, Image number: 2

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Listing number: P24-114537052, Image number: 9

Property Overview

Listing Number

114537052

Type of Property

Commercial Property

Listing Date

14 June 2024

Points of Interest

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