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Description

This well located Investment  Property in the Germiston CBD Consist of 4 Properties That is zoned for Commercial use and each property is generating income for the owner.

PROPERTY 1

This property size is approximately 950m² , has a steel structure across the whole property and is currently utilized as a hardware.

 

PROPERTY 2

The size of this property is also approximately 950m², and is being utilized as a mixed-use property. This property generates income for the owner by means of the commercial shops and Tenanted Rooms.

PROPERTY 3

This property size is also approximately 950m² , this property generates income for the owner by means of commercial shops and a stand with no fixed building  but is currently used by a recycling Company.

PROPERTY 4

This property is also approximately 950m². This property does not have much out-building but still generates income for the owner by means of two commercial business.

This Investment property has a lot of potential and the property/ properties can be converted into residential properties specifically for income-generating means such as Boarding Rooms.

The main power supply is streamed from the main building to the other 3 properties, and is 3 phase and 125A.

IMPORTANT NOTICE: These 4 properties (+/- 3800m²) qualify for the Urban Zone Tax Incentive.

HOW IT WORKS: 

– ON IMPROVEMENTS

Any investors who furbishes or removes an existing building will receive 20 percent straight-lined depreciation write-off over a 5 year period once the building is brought into use. 

– New Buildings

Investors erecting a new building receive a 17-year write-off period. This write-off allows for a deduction of 20 percent for the first year the building is brought into use and annual deductions of 5 percent for each the following 6 years. 

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Details

Updated on May 26, 2021 at 6:04 pm

  • Reference #: 1322284
  • Price: R11,999,999
  • Suburb / Town: Germiston
  • Property Type: Business
  • Stand Size: 3600.0 m²
  • Rates & Taxes: R 7300

Additional Features

  • Mandate Price:total gross price

    Address

    269 Meyer Street

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