Property features

R45 000 000

Property Details

The subject property, consisting of the entire portfolio, is situated on 9856 sq. of land with great exposure, good customer access and adequate parking. This flex space building appeals to a variety of tenants ranging from light product assembly, fast food, mechanical, vehicle and/or motorbike sales, truck valet to storage with office space and can easily be converted, should the need arise. This prime property is ideally situated just of the R59 corridor on a major entrance point into the CBD. Units are currently occupied by tenants and lease agreements are in place. Three of the units are approximately 150 sq. in size and consists of an office, toilet and kitchenette. Rental income R4850 p/m. Three of the units are approximately 190 sq. in size and consists of two offices spaces, toilets and kitchenette with backyards access. Rental income R6500 p/m each. One unit is approximately 320 sq. in size and consists of one office space, two toilets and backyard access. Rental income R9500 p/m. Two units is approximately 90 sq. in size and consists of toilets and office space. Rental income on these units range from R4000 to R4500 p/m. The property also has a bachelor flat and a second two bedroom flat with rental ranging from R2000 to R3500 p/m. The 600 sq. truck wash bay building with 4 doors allows for easy entrance and exit points and have a rental income of R20 000 p/m. The property has business rights and are zoned. Petroleum rights, liquor and trading in 2nd hand goods licences is in order but not transferable. Come and experience the true potential of this property first hand.