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R3,800,000

Commercial property with various income streams!

The property is a double storey commercial building. Downstairs has two separate entrances. A workshop with a large roll up door, with access for vehicles, and is occupied by a business anchor tenant who does vehicle repairs. This unit has a reception, large workshop area, a mezzanine floor for storage as well as a kitchenette and bathroom facilities.
Next to the business entrance is an aluminium door giving access to downstairs and upstairs residential rooms, which are ideal for student accommodation. Downstairs has open plan kitchen/dining room, bathroom with shower, basin and washing machine connection which is used by tenants occupying 5 single residential rooms. The rooms are separated by dry walling and floors are tiled throughout.
The stairs leading up to the first floor enters a second large open plan kitchen/lounge and bathroom (shower, basin, toilet, washing machine connection) which serves another 10 single residential rooms (one with a shower, basin and toilet). The rooms are separated by dry walling and the floors are tiled. There is a separate 11th residential unit at the back of the building which consists of one bedroom, open plan lounge/kitchen and a bathroom with tiled floors.
The residential leases are on a month to month basis.

Features

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Zoning:
Industrial
Exterior
Security
No
Sizes
Floor Size
469m²
Land Size
462m²
Extras
Total Land Extent: 462 m2, • Number Of Floors: 2, • Number Of Roller Shutter Doors: 1, • Mezzanine Floor: 1, • Height Of Shutter Doors: 2.4, • Roof Height: 6, • It's a Multi Tenanted Building

North End, East London

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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

53,971.19

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