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R5,000,000

88 king Edward street

Income producing commercial property for sale in Parow

This commercial property is ideally located one road back from Voortrekker Main Road and benefits from the large council parking lot located at the rear. The building is currently set up for residential usage with with 28 individual rooms. The property is income producing with gross yields over 15%.

The property is easily converted back into a warehouse / office space with +- 650 sqm of usable space. One huge bonus is the free council parking at the back of the property. Thus any business in this property would have ample staff and client parking with easy access.

This property:

- GLA of +- 650 sqm
- 28 rooms for accommodation
- Zoned General Business 4
- Electrical sub prepaid meters for each room
- Prepaid water
- Roller shutter access at the rear

Contact me to discuss or view this property. Contact for more info on rental income, rates, etc.

Features

0
0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
650m²
Land Size
496m²

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The Quay 1 International Realty team has taken note of the shifting tides in terms of people purchasing property to allow for scenic living and space as opposed to work proximity. Owing to the impact of Covid-19, which has...
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

70,297.72

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