R 5 500 000 | office property for sale in ferndale

Description: This prime 4609m2 property is situated on the corner of a prime intersection in Ferndale and is fully tenanted with six solid tenants. Total income R76,975.00 plus vat p/m . THIS IS A VAT TRANSACTION AND POSSIBLE TO ZERO RATE THE SALE. MAIN BENEFITS • 18% Yield • 6 solid tenants – been there over 7 years • 4609m2 • Vat transaction TENANT 1: • Car dealership • Spacious yard with covered awnings • Open plan Offices for 6 people • Kitchen • Reception • Males/female toilets • Pre-paid electricity • Rental R23 750 p/m plus VAT TENANT 2: • Workshop • Kitchen • Toilets • Walled yard area • R16 750 p/m plus VAT TENANT 3: • Reception area • Boardroom • 5 offices • Male/female toilets • Kitchenette • Lunch area • R13 975 p/m plus VAT TENANT 4: • Workshop • Walled yard area • Kitchenette • Male/female toilets • Offices • Rental R8000 p/m plus VAT TENANT 5: • Workshop • Kitchenette • Male/female toilets • Offices • Rental R2 000 p/m plus VAT TENANT 6: • Car dealership • Spacious yard with covered awnings • Offices for 4 people • Kitchen • Reception • Pre-paid electricity • Rental R12 500 p/m plus VAT Details: • Erf no: 1373 • Erf size: 4609m²