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.
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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