Features

5

?

Beds

Baths

Garage

Parking

Rooms

Swimming Pool

Garden

Furnished

 

Restaurant

Pet Friendly

Alarm

Guest Rooms

Wheelchair

Wireless

Aircon

Spa

Elevator

Conference Facilities

  • Thatch roof
  • Plastered walls
  • Aluminium / wood windows
  • Exterior features including courtyard
  • Garden with koi pond
  • 24 hour manned security including alarm

Things you need to know

The Property: Erf 319, cnr St Francis Drive & Kansies Road. Unique corner property situated on the main St Francis Drive with excellent public exposure. Zoned Business I, with Primary use as General Business premises and professional offices. Consent use for townhouses, flats, residential, place of assembly, place of entertainment, place of instruction, institution, bottlestore, supermarket and service trade. Sold as a going rental concern: no Transfer duty payable, Zero rated Vat benefits registered purchaser in a rental business, or if not registered, purchaser will be required to pay VAT, register and claim the VAT back. Ideal for a business person who needs well positioned, spacious, legally zoned premises from which to conduct their own business whilst obtaining additional rental income. Alternatively, an investor who wants to expand on the current blueprint to increase passive income, whilst gaining capital appreciation. Erf size: 1864m2 and building size: 539 m2. Presently tenanted by four tenants, plus 189 m2 vacant. Purchased in 1984, first property in St Francis to be rezoned. Seller's income taxes & VAT are up to date. No servitudes affect market value. Normal St Francis Bay building restrictions apply, 8.5m from ground level. i.e. ground plus one. Occupation Certificate and approved plans. Attorney's Office: 97 m2, large front office, reception, strong room, bathroom, kitchen, general office and separate office. Estate Agency: 189m2, reception area, adjoining offices, two large offices at back, boardroom and office upstairs, staircase from courtyard. “Security”: 36 m2, office with dry wall creating reception area, monitoring room, two bathrooms. Restaurant: 153 m2, restaurant with toilets, kitchen and washing area, long bar and TV area, el fresco dining area and playground. Restaurant Liquor License. MTN Tower: 5.4m2, storeroom, tower space. Building consists of a long rectangle along St Francis Drive, excellent public access, great exposure, enhanced by 4-way stop in front. Marked parking bays. All municipal services available. The site is level, fenced on two sides. The 2012 valuation based on restaurant being occupied, but it was not, reduced to R3,55m by objection. Insured for R6.2m, premium incl cover for thatch, theft, etc: R3400 pm. Commercial property, so no limit on “normal” advertising. Tenants pay water, electricity, refuse and sewerage, seller pays rates and EMF Levy. Monthly rates R2 0187 and EMF Levy R376. Garden in front maintained by seller (R660 pm). Rental contracts and comparative market analysis supplied on request. Gross Annual Rental Income approx R600k. Scarcity of correctly zoned commercial property continues to ensure that commercial property is an excellent investment, compounded by increase in permanent residents requiring business premises.

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Property details

Rates and Taxes
R1,940 per month

What can I afford?

+/- R40,487 p/m
Calculate my bond

Downloads

Property PDF

14 Kansies Road, Village

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