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 – some nationals.
Tenants: +-65% of rent roll income from corporate nationals and franchises.
Figures: Annual revenue circa R8mi0, delivering net earnings around R4,9mio (EBIT)
Selling Price: R39,5mio ( 0% VAT as going concern)
Current Yield: 12,47% (First year)
https://www.cbn.co.za/featured/cape-winelands-airport-to-be-the-centre-of-new-growth-node-for-the-city/
Property Id: 3235
Price: R 39,500,000
ROI: 12