Purchase Price R4,125,500

Audas Estate, Somerset West

Commercial Buy-To-Multi-Let

Commercial Mixed Used Multi-let in Somerset West For Sale, Not To Be Missed!

INVESTMENT SUMMARY

  • Investment Strategy: Multi-let
  • Property Type: Commercial
  • Occupation Date: Immediately
  • Deposit to Secure: R1,443,925
  • Capital Growth: Very popular high growth area
  • Cash Flow: Positive by R1,908/mo at 70% finance & 7,50% interest
  • Net Rental Yield: 9,71%
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Audas Estate, Somerset West

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Property Details

UNIT 1 – APARTMENT: R5000.00 p.m | 90m2 | Lounge | Dining room | Kitchen | Bedroom | Bathroom | Secure parking for 4 cars| Own entrance
UNIT 2 & 3 – OFFICES: R4322.00 p.m each | 90m2 | Reception area | 3 Offices| Kitchen | Storeroom | Bathroom
UNIT 4 – APARTMENT: R7500.00 p.m | 146m2 | Lounge | Dining room | Kitchen | 2 Bedrooms| Bathroom
​ UNIT 5 & 6 – APARTMENTS: R5800.00 p.m | 88m2 & 84m2 | Lounge | Dining room | Kitchen | 2 Bedrooms| Bathroom | Each has a patio area
​ UNIT 7 -OWNER OCCUPIED: 162m2 | Lounge | Dining room | 3 Bedrooms| Bathroom | Office area | Patio
<p><i class="fas fa-angle-right" style="font-size: 24px;color: #313052"></i> UNIT 1 – APARTMENT: R5000.00 p.m | 90m2 | Lounge | Dining room | Kitchen | Bedroom | Bathroom | Secure parking for 4 cars| Own entrance<br /> <i class="fas fa-angle-right" style="font-size: 24px;color: #313052"></i> UNIT 2 & 3 – OFFICES: R4322.00 p.m each | 90m2 | Reception area | 3 Offices| Kitchen | Storeroom | Bathroom<br /> <i class="fas fa-angle-right" style="font-size: 24px;color: #313052"></i> UNIT 4 – APARTMENT: R7500.00 p.m | 146m2 | Lounge | Dining room | Kitchen | 2 Bedrooms| Bathroom<br /> ​<i class="fas fa-angle-right" style="font-size: 24px;color: #313052"></i> UNIT 5 & 6 – APARTMENTS: R5800.00 p.m | 88m2 & 84m2 | Lounge | Dining room | Kitchen | 2 Bedrooms| Bathroom | Each has a patio area<br /> ​<i class="fas fa-angle-right" style="font-size: 24px;color: #313052"></i> UNIT 7 -OWNER OCCUPIED: 162m2 | Lounge | Dining room | 3 Bedrooms| Bathroom | Office area | Patio</p>
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Financial Analysis​

Purchase Price: R4,125,500

Rental Income: R43544/mo

Bond Repayment: R31,482/mo (@ 7,5%)

Rates and Taxes: R5800

Surplus Year 1: + R1,908/mo

Surplus Year 2: + R4,840/mo

Surplus Year 3: + R8,016/mo
<p><span class="elementor-icon-list-text"><b>Purchase Price:</b> R4,125,500</span></p> <p><span class="elementor-icon-list-text"><b>Rental Income:</b> R43544/mo</span></p> <p><span class="elementor-icon-list-text"><b>Bond Repayment:</b> R31,482/mo (@ 7,5%)</span></p> <p><span class="elementor-icon-list-text"><b>Rates and Taxes:</b> R5800</span></p> <p><strong>Surplus Year 1:</strong> + R1,908/mo</p> <p><strong>Surplus Year 2:</strong> + R4,840/mo</p> <p><strong>Surplus Year 3:</strong> + R8,016/mo</p>
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Why invest?

  • POTENTIAL RENTAL INCOME: R43 544.00 p.m. or R522 528.00
    p.a.
    In an ​established high growth area
    Very high demand for commercial/mixed use in the area with limited availability.
    Low maintenance Facebrick house
    Fully tenanted
    Strong capital appreciation, A-grade investment.
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location location Location

This property is situated in the heart of Somerset West. This unique multi-let combines convenience with an ideal location and easy access to a host of local amenities.

Proximity

  • Somerset West Club: 650m
    ​ Hottentots Holland High School: 2km
    Vergelegen Medi-clinic: 2,4km
    Access to N2 Highway: 2,4km
    Ignite Fitness Gym: 2,6km
    Somerset Mall: 4,8km
    Cape Town International Airport: 32,5km
  • The Area

Somerset West lies between the Helderberg Mountains, Cape Winelands and False Bay. The town was voted as one of the best places to live in the Western Cape. It’s heaven for avid golfers, who can enjoy a quick game of golf and business lunch at any of the well-known golf courses, such as the exclusive Erinvale Golf estate.

Somerset West living is blissful and peaceful, leaving residents with a feeling of security and relaxation while enjoying breathtaking views of the Helderberg mountains surrounding the area. This area has a close-knit community that does not take their surroundings for granted. Great for families, with a variety of activities for all ages.

  • The Property
This property is a low maintenance facebrick mix use multi-let deal in the heart of Somerset West available immediately and priced to sell!

Value Adding Features

    • Below market value
    • 7 Multi-use units
    • All units with bathroom
    • All units tenanted
    • 20 secure parkings
    • BIC in all Bedrooms & Kitchens

     
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Financial Analysis

This property holds strong appeal for property investors looking at multi-let investment opportunities in Somerset West’s thriving rental market.
  • Cash Flow Forecast
  • Gallery
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