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2 x 500m2 Unit Investment Sale - Web Ref: 3061


R p/m2 R 7,250,000 p/m2

Property Description


Property Type: Industrial for Sale
Building Size (GLA): 1100 m2
Gross Monthly Rental: R p/m

The subject property is improved with the construction of  two adjacent 500m2 industrial buildings on a 1366m2 plot. There is an addition steel mezzanine of 100m2. The buildings are of steel portal frame construction with bagged and painted block in-fill. The interior offices are plastered and painted brick, with Rhino board ceilings. The warehouse roof is Cromadek with Sisal insulation.  Full length roller shutter doors to the warehouse with good access and parking via the open plan yard area in front. 

The Premises are let to a tenant who purchased the business from the Landlord. The lease agreement commenced as of 1st September 2016 terminating after 4 years on 31st August 2020.  Current rental payments are R50,723 per month, by way of a bond repayment. The tenant is also responsible for the payment of Rates, Municipal services, and Building Insurance of approximately R11,550 per month. Electricity is paid by the tenant on consumption.


PROPERTY FEATURES


Warehouse Size: 900m2
Office Size: 200m2
Total Area Size: 1100m2
Yard Size: 250m2
Power: 3 Phase / 200 (amps)
Zoning: General Industrial 1
Building Height (to eaves): 8m

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