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R2,850,000

PAROW OFFICES FOR SALE

SOLE SHARED MANDATE.

Set on the main road, erf measuring 538 sqm and building 168 sqm.
This is an excellent corner property and great potential for medical or dentist practice or to renovate the inside into 4 smaller units.

The building has 3 entrances and the William Street 67 sqm section is currently leased at R 8900 per month. This tenant has renewed her lease for another year.

The seller currently occupies the Tierberg street remainder of the property and this section of 101 sqm is mainly open-plan with a storeroom, kitchen, toilets and reception area. It is this section of 101 sqm that I recommend to be subdivided into 4 smaller sections.

The seller expressed his intention to lease one smaller unit at a lease rate of R 6500 per month. He will enter into a year on year lease agreement.

Potential rental income if the 101 sqm is renovated into four smaller units is R 6500 per month x 4 = R 26,000 + R8,900 = R 34,900.00

Features

0
0
Zoning:
Retail
Exterior
Security
No
Sizes
Floor Size
168m²
Land Size
568m²
 
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R
R

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

R
%

Monthly Payment

37,662.96

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