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R11,950,000

Monthly Levy
R1,552 Excl. VAT
Monthly Rates
R9,533 Excl. VAT

900m² Retail For Sale in Hoedspruit

Profitable Modern Commercial Shopping Centre well located in the heart of Hoedspruit is for sale. The Centre has 23 shops and Offices making up 1135 sqm of rental space. It gets excellent foot traffic and visibility.
It is built in a U-shape with a beautiful garden and water feature in the middle court yard, creating a tranquil oasis. Ample parking is available in front and around the centre.
Retail shops running around R135/sqm and offices about R110/sqm.
There is also a car wash and plenty parking

Building footprint - 900 m2
Letting space - 1 135 m2
Construction – Chromadec roof with plastered walls
Construction completed Nov 2012
Ground floor retail shops – 850m2
Second floor office space – 285m2

The Annual Turnover is R1.6 million, Netting R963, 000 before Tax. Lease agreements are set at 8% and the rental space has 100% occupation and in high demand. Next year’s income will nett R1million and with its asking price will give a first years return on investment of around 9%, increasing yearly.
Owned in a VAT registered company and the purchaser can purchase as going concern or take over company shares
Contact for more information.

Features

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0
Zoning:
Retail
Exterior
Security
No
Sizes
Floor Size
900m²
 
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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

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

159,579.11

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