Property Description: Money Spinner in the Garden Route - Commercial Building
About this Property: This property is centrally located with easy access and ample parking. The tenant mix is well balanced and all rentals are up to date.
There is a monthly levy payable by all tenants leaving the owner with only property tax as a monthly expense. This levy is invoiced on top of rental.
Wifi and Security provided by landlord and recouped by monthly levy.
At time of listing the building was fully tenanted.
History: This property does have heritage values.
Figures: Annual revenue around R696k, delivering earnings around R628k (EBIT)
Tender/Contract: Valid leases in place
Reason for Selling: Owners scaling down
Selling Price: R6,690,000.00
ROI: 10%
