Property Description
About this Commercial Property: Prime location on main road in CBD right in the hustle and bustle.
History: Running successfully and profitably with stable high end tenant profile – 6 nationals.
Tenants: Most of rent roll income from nationals with secure lease agreements.
Figures: Annual revenue circa R5mi0, delivering net earnings around R3,7mio (EBITDA)
Selling Price: R33mio ( 0% VAT as going concern)
Current Yield: 11,26% (First year)
https://www.cbn.co.za/featured/cape-winelands-airport-to-be-the-centre-of-new-growth-node-for-the-city/
Other Features
Building Included
Premises Leased
Property Id: 3254
Price: R 33,000,000
ROI: 11