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R13,500,000

Monthly Rates
R11,189 Excl. VAT

1,960m2 WAREHOUSE FOR SALE

Warehousing and industrial premises which includes offices.

- Located in the very middle of the new "Rivertown Development Precinct", construction of which, has already begun.
- All three of the streets outside the property will be paved, with trees planted and ambient lighting installed.

Property Information :

- 1048 square meter land size.
- Plot area ratio 8.
- Can develop up to 8000 meter square.
- Currently two floors approximately 1960m2 (980 m2 / floor).
- Foundations and column to support two to four more floors, if required.
- Already +/- 300m2 of 2nd floor concrete slab, currently waterproofed and used as roof above offices - there is already a built stair access to this level.
- This slab cloud be enclosed and roofed to add additional space at a relatively cheap additional cost.
- Further floor slab area of +/- 680 m2 could be cast on the 2nd floor and with walls and a roof added this would give an additional 980m2 @ a really cheap development cost / m2.
- Currently tenanted - tenant can vacate on 3 months written notice.
- Going concern, so could be zero rated for VAT, so no transfer duty of VAT.
- 400 amps power to unit.
- Listing Price is R13 500 000, broken down as follows :
A Ground floor @ R8, 500 / m2 = R8, 330, 000
B First floor @ R5, 275 / m2 = R5, 169, 500
C Total Selling Price @ average of R6, 887.50 / m2 = R13, 499, 500

Features

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0
Title:
Sectional
Building Name:
john milne
Zoning:
Industrial
Exterior
Security
No
Sizes
Floor Size
1,960m²
Land Size
1,048m²

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Disclaimer: While every effort will be made to ensure that the information contained within the Point Waterfront Realty website is accurate and up to date, Point Waterfront Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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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

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

178,403.49

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