20818m2 Commercial Investment Property For Sa

R504,000,000.00

Johannesburg CBD, Johannesburg, Gauteng

Property Information

CODE : PP4181
Asking Price : R504,000,000.00
Ownership : Freehold
Building Size : 20818m²


Description

124 Main Street is a “B” Grade building situated at 124 Main Street, Marshalltown.
The property is centrally situated with 20,818m² of office accommodation and 257 parking bays and is fully occupied.

Rent -Parking 3,588,844
Rent -Offices / Commercial 39,063,013
Rent -Storage 2,062,108
Recovery-Operating Costs 8,944,934
Recoveries and other income 13,214,480
Total income 66,873,379
Total expenses 14,546,199
Net property income 52,327,180
11 624m2 Lease Expiry 30/11/2019
9 194m2 Lease Expiry 30/11/2020
Income yield 10.4%

Contact Matt Hayter 082 569 1765

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Contact the Agent

Matthew Hayter » ++27 82 569 1765
[email protected]

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Please Note Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.

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