2,174m² Retail For Sale in Pretoria North

R14,000,000

Web Ref RNC1104

Monthly Rates R17,090

Excellent Investment Opportunity In Retail Center and Office Building - Rental Yield: 11.6%

This property offers Tenanted Retail Space and also hosts Offices on the first floor.

-All figures below exclude VAT:

With a Netto Monthly Income: R 135 294
Netto Annual Income: R 1 623 528
and Sales Price: R14 000 000
Rental Yield: 11.6%

Costs and Income as received from Landlord as Follows:
Monthly Income R 139 780 (Excluding R&T and Utilities)
Insurance and Sasria: R 2 986 (insured for R32 125 500)
Maintenance: R1 500/month in-house (R18 000/annum)

Rates and Taxes: By Tenants R17 090
Electricity: By Tenants R29 950
Water: By Tenants R9 895
Sanitation: By Tenants R2 252

Features

Zoning Mixed Use

Title Freehold

Interior

Air Conditioning Yes

Exterior

Security

Sizes

Floor Size 2,174m²

Land Size 2,552m²

Pretoria North, Pretoria

Nestled in the northern foothills of the Magaliesberg revealing marvelous scenery and a tranquil escape, Pretoria North, as the name suggests, is a suburb in the city of Pretoria. The streets are planted abundantly with mystical lavender Jacaranda trees which come to bloom during the months of October and November, changing the landscape of Pretoria North. The area attracts a mixture of young professionals and... More Info