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R18,900,000

1,000m² Building For Sale in Bardene

Background:
This property has a well-known restaurant on the premises.
There is a main road coming through the middle of the property dividing it into 3.
The Municipal pay-out for this section will be Approx. R8 million.
This will leave the Restaurant and another premise’s (4) which is being Let to a Gas distribution Company. As well as a large Yard.
The other piece of property is vacant land (3).
Where the Road comes through are various houses and buildings. These will be removed.
On area (3) the vacant land, at the end there is another road reserve.
Looking at the overhead picture of the property once the Municipality has taken the middle piece (2).
Area (1) is approx. 9,760m²
Area (2) is Approx. 9,573m²
Area (3) is Approx. 6,667m²
Area (4) is Approx. 500m² - Obtaining a Rental of R10,000pm
Area (5) Restaurant – Obtaining a Rental of R30,000pm
Area (6) Vacant Land – Renting out to a Earth moving Company for R8,000pm

Location:
This property is located on Elizabeth Road, Bardene between North Rand Road and the N12 Highway.

Features:
Land Size: 25,696m²
Zoning: Commercial
Usage: Agriculture

Layout:
Access can be gained via the entrances on Elizabeth Road or Middle Road.


Financial:
Municipal Valuation - 2017; R15,167,000

S.W.O.T Analysis
Strengths? – Very Good location. Close to the on ramp to the N12, and Atlas Road.

Weaknesses? – Were never sure when the Municipality will obtain the property. So the property can be exploited until then.

Opportunities? – Get ready for when the new road does come through. Also you will be getting R8 million back. Reducing the overall buying price
of R10,900,000 for Approx. 16,427m² Land @ R663.54.c/m²

Threats? – Don’t invest anymore in the municipal piece.

Conclusion as to why this is a good property to purchase:
This property is located in a very good area, and is a part of the Aerotropolis Node
The Price is also reasonably priced for the area.

Features

0
0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,000m²
Land Size
25,696m²

Bardene, Boksburg

Boksburg, a quiet city in the East Rand of Gauteng has become one of the province’s most popular regions. The city’s history is a rich one, dating back to the early 1800s; a time where revolutions and developments were ripe all over the world and a move towards the modern era had begun. Boksburg was originally set up as one of South Africa’s first mining towns and has since flourished as an...
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Say what? Interesting facts about Boksburg you never knew
With the discovery of gold in 1887, Boksburg transformed from a humble farming community to a mining town. Flash forward to the present and it's now one of the largest cities on the East Rand.  If you're looking for an...
 
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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

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

249,764.89

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