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Unique investment opportunity - business park in an upmarket area in Vanderbijlpark, situated near to a golf estate and major casino complex.
Net rental yield on net purchase price (excluding brokerage):
11,5% in year one
Purchase price excludes VAT, but a zero rated transaction can be construed in appropriate circumstances.
Broker's commission: 7,5%, plus VAT, on the net purchase price.
Real Property Included
Frikkie Meyer Boulevard, SE 3, Vanderbijlpark
The premises consist of Blocks A - H
GLA: 1 500 square meters
Only 114 square meters is currently vacant.
All building plans are approved and the improvements fall within the required zoning of the property.
There is a lack of quality office space in the Vanderbijlpark area, and there is no competition in that particular area.
The owner and main shareholder representative is relocating to Cape Town.
Each tenant has its own trading hours.
Due to the nature of the business, namely a rental enterprise, no training will be given, but all documents will be handed over and all assistance will be rendered by the existing owner.
