1,493m² Building For Sale in Umbilo
Covered Parking 16 and Open Parking 12
Current Rent R151 290 pm. This is inflated.
GVK Siya Zama Building Contractors (Pty) Ltd - R133 100-00 pm expires 31-08-2018
Gordon Verhoef & Krause (Owners) (Pty) Ltd - R18 190-00 pm expires 31-12-2018
Total R151 290-00 pm
Current return 18%!
We could negotiate a new lease, 3 to 5 years at a lower rate, reducing the return to around 12% in year 1?
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