Strategically situated commercial property in Sasolburg which, says Rawson Auctions Western Cape, offers a 10.75% return on investment, will be among the lots for a multi-property sale at its head office at 222 Main Road, Rondebosch on February 26 at noon.
Tanya Jovanovski, Rawson franchisee, says the 3746m² mixed-use property is a partly double-storey building with ancillary offices.
“The solidly constructed buildings are in excellent condition and require very little, if any, work at all,” she says.
“The interior finishes are good and the layout is very practical. There are kitchen and toilet facilities, as well as secure undercover parking both on site and off-street.
“At the rear of the main building is a thatched lapa and loft office space, while on the eastern side of the property is a free-standing office/warehouse and large storage area.
“The general areas are covered with paving and the perimeter is secured with precast concrete walls,” Jovanovski says.
The property, at 34 Geduld Street, Sasolburg Ext 6, is currently leased by two tenants and has a gross lettable area of 1469m² with monthly rental income of over R57512.
“The rent easily offsets the property’s total monthly expenses of only R6761. The current owners are bringing in a healthy net profit.
“This is a hassle-free investment with good return,” says Jovanovski.
For more details and to view the property, you can call Dave Stevens on 0832610336 or Tanya Jovanovski on 0824119599, email [email protected] or call 0799803457.