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R5,500,000

64 5th Avenue

Investment property for sale in Newton Park

64 5th AVENUE | NEWTON PARK | NEAT AND WELL-MAINTAINED OFFICE PARK

Situated in the heart of Newton Park, this well-maintained office park on 5th Avenue presents an exceptional investment opportunity. Boasting a total Gross Lettable Area (GLA) of 983 sqm, the property comprises five office units, two of which are already tenanted, ensuring immediate rental income.

Designed for convenience and functionality, this office park offers ample ablutions, air conditioning, and fitted blinds, creating a comfortable and efficient work environment. The paved yard provides undercover parking bays, while access to the property is secured via a remote-controlled gate with an intercom system. Additionally, solar panels have been installed, offering future potential for energy savings with further upgrades.

Newton Park is one of the most sought-after commercial hubs in Port Elizabeth, known for its strategic location and excellent accessibility. With proximity to major transport routes, including Cape Road and the N2 freeway, tenants benefit from seamless connectivity to key business districts. The area is also well-serviced by public transport options, making commuting hassle-free for employees.

Invest in a clean, secure, and highly functional office space in an established business precinct. Whether you're expanding your portfolio or seeking a solid income-generating property, this Newton Park office park is an opportunity not to be missed!

Features

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0
Zoning:
Commercial
Interior
Air Conditioning
Yes
Exterior
Security
Yes
Sizes
Floor Size
983m²
Land Size
3,054m²

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Disclaimer: All amounts exclude VAT and while every effort will be made to ensure that the information contained within the API Property Group website is accurate and up to date, API 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

74,986.27

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