• 12
  • 1 721 m2
  • 2 232 m2

Monthly Costs

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Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.

Mun. Rates & Taxes: ZAR 10325.00

Property description


This is a VAT Transcation, price listed excludes VAT. Purchasing with a VAT registered entity means no transfer duties apply.

Why to Buy?

Property Information:

ERF (Erf Number): 621
Size of ERF (Extent): 2232 square meters
GLA (Gross Lettable Area): 1721 square meters
Location: Strategically situated in the bustling hub of Alberton Central, offering high visibility and easy accessibility for both tenants and customers
Road Visibility and Access: Prime road frontage and convenient access points ensure maximum exposure and ease of entry for customers and tenants alike
Property Type: Versatile investment commercial property suitable for a range of businesses, including retail, services, or offices
Fire Safety: Fully compliant with all fire safety regulations, ensuring the safety and security of occupants
Prepaid Electricity to Tenants: Each tenant enjoys the convenience of prepaid electricity, providing greater control over usage and billing
Metered Water: Metered water supply allows for accurate monitoring of water consumption, promoting efficient usage and cost management
Property Condition: Well-maintained property in good condition, reflecting pride of ownership and attention to detail

Rental Information:

Rented Capacity: Currently leased to tenants at 70% capacity(By m2) , offering stable rental income with potential for further occupancy
Current Rental Being Received: Monthly rental income of R91,000.00 from existing tenants
Fully Tenanted Rental Opportunity: Potential to achieve a fully tenanted rental income of R128,000.00 per month
Vacant Space: Two stores totaling 578 square meters are currently vacant, presenting an opportunity for additional rental income
Current Tenants:

Chemical Store
Printing Company
Supermarket and Take Away
Short Term Loan Lender

StoreFinancial Information:

Rates and Taxes: Property rates and taxes amount to R10,325 per month
Sewer and Other (Recovered from Tenants): Monthly cost of sewer and other services, recovered from tenants, totals R5,190
Estimated Monthly Expenses: Total estimated monthly expenses amount to R15,325
Estimated Current Net: Current net income after expenses is R75,675.00 per month
Annual Net: Annual net income is calculated at R908,100.00

Lease Agreements:

Current lease agreements vary in duration, offering stability and flexibility for both landlords and tenants.

Transaction Details:

Transaction Type: VAT Transaction, offering potential savings on transfer duties
Power: Three-phase electricity supply, catering to the diverse needs of tenants

Parking and Accessibility:

Parking for Tenants: Dedicated covered parking spaces available for tenants, ensuring convenience and security
Customer Parking: Ample parking options including road-side parking and parking within the mall premises cater to the needs of customers
Entrance: Dual entrances located at both the front and back of the property facilitate smooth flow of traffic

Financial Analysis:

CAP Rate (Fully Tenanted): At full occupancy, the property boasts a competitive CAP rate of 13.10%, reflecting the potential for strong returns on investment
CAP Rate (Current Tenants): Current CAP rate based on existing tenants stands at 9.09%, offering a solid foundation for income generation and growth

This meticulously detailed investment commercial property in Alberton Central presents a rare opportunity for discerning investors. With its strategic location, stable rental income, and potential for further expansion, this property promises to be a lucrative addition to any investment portfolio

For further information or to schedule a viewing, get in touch!

Property Details

  • 12 Bathrooms

Property Features

  • Excellent Investment Property
  • Currently 70% Tenanted and a CAP Rate of 9,10%
  • Fully Tenanted Income R 128 000
  • Central Location on Main Road
  • Longterm Secure Tenants
  • VAT Transaction, Save in Transfer Duties
  • Fire Saftey in Place
  • Tenant Parking
  • Prepaid Electricity for Tenants
  • Tenant Water Individually Metered
  • Low Maitenance Cost