R 3 550 000 | showroom property for sale in ballito commercial district

Property Description

This stunning 268m2 Showroom unit in an established sectional title complex within Ballito Business Park, KZN North Coast is For Sale. Asking price was R4.4m But price has possibly been reduced to R3 550 000 for Bona Fide qualified buyer. A tenancy rental is also available once tenancy expires. Showroom lends itself to all forms of Retail trading, and showroom, destination retail, distribution, courier service, IT repairs, light assembly, Home DIY etc.. Large tinted glass shop fronts offer plenty natural light. The main area is ground floor but a small mezzanine level can serve for storage or admin. Alternately, there are 2 units, which can be purchased and combined internally for own occupation when Leases expire or as investments. The N2 Freeway passes this very highly visible, landmark of a complex making access easy. Lifestyle Centre and Ballito Junction are very close - even within walking distance - as is the Ballito taxi ranks. At around R15 000 per m2 this offers fantastic value for money. High calibre premises. Do research, you will see little to no such space exists for sale. Please note - Units can be bought on Deed of Sale by Installments, like a car HP which is legally permitted structure. Pay deposit, pay instalment plus costs, and balance is payable over say 36 to 60 Months. Example, for illustration purposes only) : Agreed price R3 600 000 (Fixed for 3 years NO escalation) Deposit on signing R800 000 lnstalment R60 000 pm with Baloon payment at end Op costs of Rates and Levies exc utilities R10 000 Rental income R25 000 Therefor R15 000 per month comes off capital balance owed. All relevant figures exclude vat. Buyer maintains unit internally. Externally is maintained by Body Corporate. Make changes with owners agreeing. Pay as much capital as and when free cash flow available. No penalties. Some legal fees paid now, but transfer duty only payable when you eventually take transfer. Unless Vat applies. Simple, legally permitted structure per law of SA Land Sale Act. Attorneys handle entire structure. You actually peg the price at this low level for transfer only in 3 or 5 years. Internal ablutions and kitchenette/office. Vacant occupation can be given once Leases expire (pay rent while you trade and wait for transfer). #BallitoRetailForSale #BallitoBusinessParkShowroom #RetailSpaceBallitoToRent There are 2 side by side units, 1 is occupied for now. Can combine a deal over both units total 550 m2. All figures above sub to owner agreement.