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Paarl Commercial Property Investment

R 33,000,000

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 Yield11,26% (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
Monthly Turnover: 0
Monthly Profit: 0
ROI: 11

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Trevor Young [MACYOUNG]- BComm(LAW)