Property Details
A WELL MAINTAINED MULTI STORY COMMERCIAL PROPERTY WITH SERVICE STATION
Situated in the heart of a bustling commercial district on a major arterial route, this profitable, well maintained four-story building offers a prime investment opportunity.
The property is easily adaptable to accommodate a variety of needs, including residential.
WHAT YOU ARE BUYING:
- A profitable tri- lease service station with a large forecourt and shop. Engen is wanting to extend for a further 20 years
- Return on investment 10.98% calculated over 10 years.
- First floor – a secured 34 parking bay parking garage and small factory/warehouse area.
- Second & third floor – offices jewellery manufacturer and other areas, church and crèche
- Fourth floor – open plan warehouse/ factory area with offices and ablutions.
- Land extent 1327 m2.
- Total area under roof 5720 m2 – lettable area 5201 m2.
- A fully secured property with alarms and CCTV.
Property Features
- Property Type Mixed Use
- Building Size 5,201m²
- Stand Size 1,327m²
Associated Costs
- Rates & Taxes ± 41754