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R3,495,000

Monthly Rates
R3,000 Excl. VAT

EXCELLENT RETURNS FOR A SAVVY INVESTOR.

R3 495 000 - EXCLUDING VAT.

Well established, fully tenanted “WELLNESS CENTRE” being offered as a going concern. This is a landmark property in the area zoned GB1 operating in its current capacity for upwards of 15years.

Beautifully maintained and managed, fully secure with access control via individual coded entry (suitable for multiple tenants) and alarm system comprising internal passives and external beams.

Eight separate and spacious consultation rooms with a central reception/waiting room. Communal kitchen, low maintenance courtyard garden, four toilets and eight parking bays (three secured and five off street).

Rental return on current asking price is 10.8%. Multiple tenants at reasonable rates equals high probability of finding suitable tenants and minor financial inconvenience should one of the rooms stand open creating a very low risk scenario for potential investors and a very stable rental income.

Current owner is also VAT registered offering the opportunity of a zero rated transaction for a going concern and eliminating the need for Transfer duties (a saving of over R250K). All round this is an excellent investor opportunity.

Features

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0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
300m²
Land Size
680m²

Plumstead, Cape Town

The city centre has become increasingly attractive as a hip residential area offering a world-class inner-city lifestyle unique in South Africa. Cradled between Table Mountain on one side and Table Bay on the other, Cape Town's city centre is home to a growing selection of luxury apartments , lofts and penthouses. Available to buy or rent, furnished or unfurnished, many of these are located in...
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Disclaimer: While every effort will be made to ensure that the information contained within the Greeff Christie's International Real Estate website is accurate and up to date, Greeff Christie's International Real Estate makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

46,671.88

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