Property features

R18 000 000
Rates R28632 pm

Property Details

This industrial park comprises of 5 fully let warehouses and factories, as well as additional office space, with a total gross lettable area measuring 6647m2. The 5 warehouses are adjoining, which affords tenants the opportunity to lease larger space, if required. Each unit has 1 on-grade roller door, with direct access onto the public road. There is ample 3 phase power making it suitable for both manufacturing and warehousing. Unit 1: Measures 1040m2 Unit 2: Measures 1040m2 Unit 3: Measures 1753m2 Unit 4: Measures 1340m2 Unit 5: Measures 1178m2 Office Space: Measures 296m2 INVESTMENT SUMMARY - The warehouses are always in high demand, due to their competitive rental prices, practical design, versatile usage and close proximity to Main Reef Road. - The leases escalate between 7% and 8% per annum. - This is a viable investment at a yield of approximately 12%. For more detailed information, please contact me.