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Property - Commercial Property - Port Elizabeth - Newton Park
Investment Opportunity, Good Rental Income, Newton Park - #I-2058
Sold
Neat Business Premises, Newton Park
Vacant Space (Estimated Income approx. R5000.00 per month)
workshop space
reception area
2 offices
Tenant 2
2 showrooms
office
Tenant 3
2 offices
kitchen
bathroom
NOTE: VAT IS PAYABLE ON THE PURCHASE PRICE
Item Specs
| Stand Size | 860m² |
| Zoning | Business 1 |
| Current Income | R25,400.00 |
| Property Address | 56 7th Avenue, Newton Park |
| Title deed number | T17092/2009 |
| Diagram deed number | T10801/1929 |
| Municipal land valuation | R1,100,000.00 |
| Monthly rates | Approximately outstanding R30,000.00 due and payable by the purchaser over and above the purchase price |
| Erf No. | 434 |
| Street Name | 7th Avenue |
| Street No. | 56 |
| Suburb Name | Newton Park |
| City | Port Elizabeth |
Viewing Dates and Times
Sunday 29 November 2015 at 14.00 pm - 16.00 pmTerms and Conditions
Terms: The purchaser will pay a 10% deposit plus 5% auctioneers commission on the fall of the hammer, the balance is payable on registration of transfer.
The purchaser is liable for the outstanding municipal account.
The purchase price is subject to 14% VAT.
Item Address
Address:56 7th Avenue, Newton Park, Port Elizabeth, South Africa
GPS Coordinates: -33.94646 25.55597
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