Astute investors and property buyers should attend the auctions of three properties in Muckleneuk to be held on September 6 at 11am.
The three adjacent properties, zoned for offices (including medical and dental rooms), are in Justice Mahomed Street near Magnolia Dal, the University of Pretoria and many other landmarks in Pretoria.
The properties measure a combined size of ±3 200m2 with improvements of ±1 100m2.
The first building consists of offices, store rooms, an outbuilding, lock-up garages and undercover parking bays.
This property has a lease agreement in place with a gross annual income of approximately R342 000 (incl of VAT.)
The second building features offices and eight covered parking bays, with a lease agreement that yields approximately R370 000 per rental income per annum of one of the buildingsannum (inclusive of VAT.)
The third building comprises of offices, an entertainment area, store rooms and nine covered parking bays.
This property can potentially yield an annual rental income of approximately R300 000 (inclusive of VAT) and thus combined the three properties can earn an annual income of approximately R1 000 000 (incl of VAT) for the successful Purchaser.
These properties are extremely well positioned and will be a very good purchase for the right buyer.
The auction will be held on-site at 609 Justice Mahomed Street.
Interested buyers can phone Van’s Auctioneers at 086-111-8267 or visit their website or Facebook page.