An excellent opportunity to acquire a well-positioned industrial property offering a substantial stand, generous under-roof space and an existing tenant already in place, providing an immediate rental income stream. Property to can also be sold with undisturbed vacant occupation
PROPERTY FEATURES
- Stand size: 1,928 m²
- Under-roof area: 1,189 m²
- Asking price: R4,300,000
- Current rental: R28,000 per month
- Existing tenant in place
- Prepaid three-phase electricity
- Practical industrial premises suitable for a range of business and operational requirements
- Excellent opportunity for an owner-occupier or investor
- Accomodation available
INVESTMENT RETURN
The property currently generates R28,000 per month, equating to an annual rental income of approximately R336,000.
Based on the asking price of R4.3 million, this represents an approximate gross rental yield of 7.8%, before operating costs, rates, taxes, maintenance and other expenses.
AN INVESTMENT WITH IMMEDIATE INCOME
A substantial industrial property offering excellent space, existing income and attractive investment potential.
Contact me today for further information or to arrange a private viewing.
Disclaimer:
Please note that we at Jenny Johnston Property Services have taken extreme care with regards to the details in advertising and representing our properties. All representations contained in the advertisement are accurate and no guarantees can be provided thus taken “as is”.
The representations of each property does not constitute the terms of sale and the images as well as descriptions are merely indicative.
Jenny Johnston Property Services takes no responsibility for any errors, and we reserve the right to correct your change and update any information without prior notice.