NEW
Web Ref BPC96
R2,900,000
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Monthly Levy
R1
R1
Monthly Rates
R4,202
R4,202
Special Levy
R1
R1
Great Business Opportunity in Melville
Situated in a prime position and zoned for a 5 storey building.
Current income from 4 tenants including a restaurant and a bakery.
The property generates an annual rental income of R387,382.00, with all consumables such as water, electricity, and refuse removal covered by the tenants. However, the lessor remains responsible for the payment of rates and taxes associated with the property, ensuring compliance with municipal obligations while maintaining the property's profitability.
Ideally located and great opportunity not to be missed!!!
Owner asking R3 Mil.
Current income from 4 tenants including a restaurant and a bakery.
The property generates an annual rental income of R387,382.00, with all consumables such as water, electricity, and refuse removal covered by the tenants. However, the lessor remains responsible for the payment of rates and taxes associated with the property, ensuring compliance with municipal obligations while maintaining the property's profitability.
Ideally located and great opportunity not to be missed!!!
Owner asking R3 Mil.
Features
Zoning
Commercial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
360m²
Land Size
743m²
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