Posted on November 30, 2021
Price : R 2 750 000
Listing Type : Commercial Property
Location : Gauteng
Size : 3000 m2
Floor Size : 220 m2
Ref no. : 2801

This is a great long term investment property in a central hub area. The size of the land allows for a multiple development options.

This well located property is situated in the affluent suburb of Bryanston Ext 3 . It is situated next to all major routes with the Olivedale Hospital 2km away.

The property has been re-zoned for Educational purposes and has consent for 50 children .

The property  measures 3000m2 with the house at 220m2 under roof.

This property is sold with an established tenant who has been renting from the owner for the past 5 years, due to its good location and ample office space.

The asking price for this investment property is a modest R3million.

Year Established: 2010
Lease Term: Current tenant has been there 5 years
Rental Income: R30000,00
Average Monthly Expenses: R1000,00 ( Rates)
Average Monthly Net Profit before Tax: R29000,00

Tash Wetherill
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