R8 600 002 | 968 m2 @ R8884 per m2
View more unitsThe property comprises of 2 car dealerships divided by a partition wall that can easily be removed to create one large open space, with both tenants on a one year lease renewable 1 July each year.
The property offers very low maintenance due to it being build from face-brick and aluminum windows and is available to purchase for investors only, with good successful tenants in place. There is a secure yard behind the building for storage, mechanical repairing, car wash, etc.
* Lefthand Showroom - R426 452
* Righthand Showroom - R465 120
*Total = R891 572
Expenses;
*Insurance - R10 200 pa
*Rates & Taxes - R73 701 pa
*Maintenance - R95 901 pa
Nett Rental = R795 671 pa
255 Voortrekker Rd is located in the popular business node of Goodwood Central. The building that is for sale is bounded on 3 sides by roads adjacent to it, offering excellent visibility and great signage opportunities with ample parking for your customers. The property is Zoned GB4 which is the best zoning achievable in Cape Town. This enables all types of business to be operated there. It also enables the optional development of additional multiple stories above for offices, flats, airbnb, student accommodation, etc with huge value and rental income to increase potential. The Seller is VAT registered and the investment property is sold as an income generating going concern, therefore the deal can be done at 0% VAT & No transfer duties.
Wheelchair Friendly
Standalone
Natural Ventilation