176m2 Commercial Investment - Umhlanga

R2,650,000.00

Umhlanga Gateway, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP4195
Asking Price : R2,650,000.00
Ownership : S/Title
Levy : R4,988.00
Building Size : 176m²
Parking : Yes


Description

6.88% RETURN ON INVESTMENT - Fully tenanted commercial property for sale in Umhlanga New Town Centre. Suitable for 1, 2 or 3 tenants, but is currently occupied by 2. This configuration creates high rental demands!!
Monthly rental income Portion 1 R 15 400.00 Portion 2 R 7300 (Both Ex Vat)
30 Months left on lease
Rates R 2 508.92
Levies R 4 988.09
NET ANNUAL INCOME R182 435,88
SELLING PRICE R2 650 000
6.88% Return on investment
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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