R4,900,000
R4,900,000
Monthly Bond Repayment R53,101.65
Calculated over 20 years at 11.75% with no deposit.
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Investment Property
The investment property in Brits presents a significant business opportunity with its prime location and potential for generating rental income. Here's an overview of the property and its income potential:
Property Features: The property consists of an office block with 5 shops, offering a total building size of 738m2 and a dwelling size of 620m2. It is situated on a busy road, providing high visibility and accessibility.
Rental Income: The property generates a substantial rental income of approximately R 48,500 per month. This income is derived from various units within the property, including:
Unit 1 and 2: Under a five-year contract, generating R10,000 per month for 85m2.
Unit 3: Under a month-to-month contract, generating R4,500 per month for 58m2.
Unit 4: Under a five-year contract, generating R15,000 per month for 310m2.
Unit 5: Under a one-year contract, generating R10,000 per month for 250m2.
Dwelling: With a size of 620m2, generating R9,000 per month under a one-year contract.
Property Size: The property spans 2764m2, providing ample space for the existing structures and potential for further development or expansion.
Location and Accessibility: The property's location offers easy access to schools in and around Brits, making it a convenient and attractive location for businesses and tenants.
Income Tax Considerations: The rental income generated by the property may have tax implications, and it's important for property owners to consider the tax regulations related to rental income, allowable expenses, and tax reporting.
This investment property in Brits presents a lucrative opportunity for investors and businesses, with its substantial rental income, prime location, and potential for further development. The property's diverse rental units and dwelling space contribute to its income-generating potential, making it an attractive investment opportunity in the Brits area.
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