Commercial For Sale in Wynberg, Cape Town

ref# 497
Asking Price : POA

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Province:Western Cape City:Cape Town Suburb:Wynberg Erf Size: ± 515 m2

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Wynberg Mart For Sale

Listed building 1933 requires extensive renovation, 4 ground floor shops with 1st floor residential. Non VAT registered owner. A VAT vendor purchaser could benefit from a Notional Input Tax Credit. The potential is in the renovation of the 1st floor area into small apartments, attention to the revamp of the shops located near Ultra Liquors. There is a servitude lane at the back of the building. Gross income August 2018 R 36 000 in respect of 3 leases all of which have sale or rebuild clauses. Rates R 56 139, 07, Improvement District Levy R 14 187,48pa.