Building In Century City FOR SALE With A Great Return Rate
Investment opportunity in the heart of Century City with the chance to acquire 4071m² of prime commercial space. Situated in a vibrant business district, this property boasts an impressive 95% occupancy rate, ensuring a steady flow of rental income. With a remarkable return rate of 10.5%, investors can anticipate robust financial gains. The property's EBITDA stands at an impressive R12,194,024.00, reflecting its strong revenue generation potential.
Furthermore, the property's rental value of R116,133,558.00 underscores its value proposition in the market. Featuring a total of 132 parking bays, this offering caters to the practical needs of tenants and enhances the property's appeal. Documents including the title deed, zoning certificate, floor plans, and multiple account are readily available upon request, offering transparency and confidence to potential investors.
Introduction
Milnerton is a remote residential area developed around the 20s, named after Johannesburg's Milner Park suburb which transformed it into a preferred holiday destination. An example of this seafaring history is the renowned Milnerton Lighthouse erected in 1960. Since then, the town has become an attractive centre with its own individual charm and strategic location.
Infrastructure
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
