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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 been REDUCED to R3 550 000 m for Bona Fide qualified BUYER. A tenancy /rental is also available. 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. This unit is also To Rent avail immediately at Offers possibly as low as R28 to R30k neg. Alternately, there are 2 units, which can be purchased as investment, with existing tenant in one unit. 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. NB:- UNIT CAN BE SOLD ON A Deed of Sale by Installments (like a car HP). Legally permitted structure. Pay DEPOSIT, take occupation, pay Rent plus costs, and balance is payable over say 36 Months - Interest Free. You can start trading immediately then, PLUS Rent-To-Own. Example (for illustration purposes only) :- Agreed price R3 600 000 (Fixed for 3 years NO escal) Deposit on signing R500 000 lnstalment R60 000 pm with Baloon payment at end Op costs (Rates Levies) exc utilities R10 000 Rental R30 000 Therefor R20 000 per month comes OFF Capital owed. All relevant figures exclude vat. Buyer maintains unit internally. Externally is Body Corporate. Make changes with owners agreeing. Pay as much capital as and when free cashflow available. No penalties. Some legal fees paid now, but TRANSFER DUTY only payable when you eventually take transfer. Simple, legally permitted structure per law of SA Land Sale Act. Attorneys handle entire structure. ** Wow - you actually peg the price at this low level for transfer only in 3 years ** Internal ablutions and kitchenette/office. Vacant Occupation can be given for early occupation (pay rent while you trade and wait for transfer). #BallitoRetailForSale #BallitoBusinessParkShowroom #RetailSpaceBallitoToRentImmediately OPTION to Buy on Deed of Sale by Installments (Like an HP agreement - no Bank loan involved.)


Property Details

Purchase PriceR 3 550 000

Building Size268 m2

Price Per SQMR 13246 m2

Type of PropertyShowroom

ZoningRetail

Land Size7000 m2

Last Updated23 Sep 2020

Rooms

Bathrooms2

External Features

Open Parking Bays8

General Features

Three Phase PowerYes

Air ConditioningYes

Property Location


AddressMoffatt, Ballito Commercial District, Ballito, KWAZULU-NATAL, South Africa

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Property Location


Agent

Reg Keenan

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