House For Sale in Rustenburg Central, North West

Rustenburg Central, North West

Business 1 property in Rustenburg CBD. Located on main traffic route near municipal offices and labor department offices. This property shouts with investment potential. Excellent potential for a property manager Approx 1532 square meters of lettable space. Market rent for the area is about R70 to R80 per square meter, VAT excluded. Current rental income of R50 000pm ( VAT included ), on short term contracts ( 4 years left of the 5 year rental co...ntract with a 10% escalation per year ). Three shop suites and a yard ideal for a carwash. With proper management the investment value of this property could easily be increased to R6 500 000.Owner is registered for VAT.Selling Price is VAT excluded.Show