368M² BUILDING FOR SALE IN MODIMOLLE IN NYLSTROOM

BARGAIN OF THE MONTH! Price reduced with R300 000. R1 200 000 + VAT! 368m² Commercial building for sale in Modimolle. Investment property - Commercial building that consist out of 3 rentable premises and 2 x two bedroom houses. This property is situated on a busy road and on a prime spot. The rentable premises could be enlarging by ± 97sq. Income: Premise G1: size 100 sq - Rental, R5500.00 Premise O2: size 36 sq - Rental R1500.00 Premise C3: size 26 sq - Rental R500.00 Premise C4: 2 bedroom unit 84 sq - Rental R3000.00 Premise G5: 2 bedroom unit 122 sq - Rental R5000.00 Total rental income: R15 500.00 Future expansion possibilities. Future premises F1: Size 68 sq. Future premises F2: Size 29 sq. Expenses: Municipality R2974.00 pm. The seller is registered for VAT purposes and the property is sold as a running concern. Purchase Price is R1 200 000+ VAT. Should the purchaser be registered as a VAT vendor the receiver of the revenue will subsequently assess it at a zero-rate delivery. No transfer duty payable. Property Reference #: BEL-CS00004 Agent Details: Fred van Heerden Century21 Bela Bela Waterfront, Old Pretoria Road R101, Bela-Bela, 2007, Limpopo