- Most potential purchasers will only qualify for a 70% bond from the bank. - This means a commercial purchaser must have a minimum of 30% cash available. - Vat might need to be paid over and above the purchase price if there are no tenants. - If purchasing a property in an entity it is advisable to obtain a vat number from SARS. - Please remember if purchasing using an entity that financials must be audited and up to date. - An entity must also have up to date management accounts. - A VAT number from SARS will take a minimum of 6 months. - All FICA documentation must be available.
