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A good investment opportunity, situated in a prime position with good rental income

Perfect location!!! This commercial property in Riviersonderend is situated on the busy N2.

The approximately size of the buildings on the ground floor are 1236 square meter and the 1st floor 868 square meters.

There are 2 separate buildings on the property with 11 tenants. Most tenants have been in the building for years. The average monthly income from the tenants is approximately R 53 000.

The 1st floor of the main building is vacant and 'waiting' to be developed for much needed flats.

This floor can easily be converted into offices or storage, which makes this property even more attractive.

Behind the building is enough space for a garages and undercover parking.

The business possibilities for this peace of property is endless. This is good value for money!!!

The town is strategically well positioned only 120km from Somerset West on the N2. and a popular place for tourists and travellers to stop

Riviersonderend offers the tranquillity of beautiful mountain and river scenery. It is well known for it’s warm and friendly rural atmosphere and outstanding good hospitality and very low crime rate.

Riviersonderend is situated halfway between Cape Town and Mosselbay on the N2. It has a Mediterranean climate. This give rise to the huge flocks of Blue Crane, our national bird, one of the most popular tourist attractions in the Overberg.

Driving form Caledon to Riviersonderend and onwards to Swellendam you will experience the rolling green hills in the winter with a touch of eye catching bright yellow canola in-between. In the summer the different shades of brown stubblefiels with a touch of green from the established pastures will enfold you like a patchwork quilt. The magnificent Riviersonderend River, that flows form Theewaterskloof dam to the Breede River on the other side of Stormsvlei and the numerous mountain streams, provide enough water for the citrus and vegetables farms. You will hear the gentle sounds of cows, sheep and many bird’s songs. The smell of fynbos, roses and freshly plowed fields will welcome you.

Riviersonderend as proper town was established in 1922, when Ms Edith McIntyre sold her farm Tierhoek to the church council. At first they wanted to name Riviersonderend ‘Nuwedorp’(New Town), but the older residence wanted Rivier Zonder End from the Hesseque word: Kamma-kam-kanna (water, never ending water).

Being established in 1922 Riviersonderend has many unique properties. The most popular architectures are Cape Dutch and Victorian. The combination of the beautiful architectures and big stands makes these country properties very sought after in Southern Africa and the Overberg.

You will find Seeff Properties in the main road of Riviersonderend.

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Zoning:
Commercial
Exterior
Security
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Sizes
Land Size
2,773m²

Riviersonderend, Riviersonderend

Riviersonderend offers the tranquility of beautiful mountain and river scenery. It is well known for it’s warm and friendly rural atmosphere and outstanding good hospitality and very low crime rate. Riviersonderend is situated halfway between Cape Town and Mosselbay on the N2. It has a Mediterranean climate. This give rise to the huge flocks of Blue Crane, our national bird, one of the most popular tourist...
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Disclaimer: While every effort will be made to ensure that the information contained within the Seeff Property Group website is accurate and up to date, Seeff Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

80,123.40

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