Mixed-Use Property For Sale in Kuils River - Investment opportunity (Price excludes VAT)
The property for sale is a stand-alone Mixed-Use building with a GLA of approximately 1720 sqm over 2 floors. The ground floor is utilized as retail space and the first floor as offices. The property is zoned General Business 5 which allows various type of businesses to operate from the property, including the option for the owner to convert the top floor into residential units.
The building has great exposure on Van Riebeeck Road making it ideal for businesses who require a good location with exposure. The building is fully let at market related rentals, which offers a good return on the investment.
VAT is payable on the purchase price, but the sale can be zero rated for VAT with the consent of SARS, because the property is sold as a going concern.
Key features of the building:
Tenant Status: The building is fully let at market related rentals, which offers an income from a fully let building. The retail Tenants are longstanding Tenants.
Parking: There are 7 parking bays allocated to the building, as well as off street parking in front of the building on Van Riebeeck Road. At the back of the building there is also a large public parking area which offers more parking to visitors.
Location: The building is located on the busy Main Road of Kuils River CBD area. The location of the property also allows easy access to the R300 linking Kuils River onto both the N1 and N2 highways, as well as close proximity to the Cape Town International Airport.
Public Transport: The building is well located in terms of public transport and within walking distance to the train station.
GLA: Approximately 1720sqm
Feel free to contact me should you wish to view the building or to discuss this investment opportunity in more detail.
The days when Kuils River was the poor cousin neighbourhood of the Northern Suburbs are long gone. The town at the foot of the Bottelary Hills and its wine farms has become one of the best value for money residential areas north of Cape Town during the last 20 years. Do not judge a book by its cover. Kuils River will win no prizes for the attractiveness of its strip mall main street, Van Riebeeck Road.
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
