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Commercial Property for Sale in Matatiele

113 North Street, Matatiele
  • Floor Size 2 000 m²
Commercial investment property
SOLE MANDATE: OIRO R11,500,000 (GOING CONCERN) A rare opportunity to buy a fully tenanted property in the heart of Matatiele generating R111,000 per month excluding VAT with a number of tenants having been in the property since 1991. The property is well maintained and is located opposite the taxi rank on Jagger Street. Lease schedule: Midas R47,660.35 inc VAT Lease since 1991 Lease expires 20/2/20 wish to extend Orion R45,338.13 inc VAT Lease since 1991 Lease expires 20/2/20 wish to extend Zincede R7,500 inc VAT (property owner's office) Sports Bar R22,345 inc VAT Lease expires 20/2/21 Computer School R4850 inc VAT Lease expires 20/2/2019 * price inclusive of VAT: R13,225,000

Property Overview
Type of Property
Commercial Property
Street Address
113 North Street, Matatiele
Listing Date
22 October 2018
Erf Size
2 078 m²
Floor Size
2000 m²

Facilities
Kitchen
Stove

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*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.

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