Property features

R34 000 000

Property Details

Section 3, 16 Old Mill Road is a secure a property with a solid rental income from a well-established tenant, committed until February 2027 with a 5-year renewal option. The tenant intends to renew the lease. The property offers a functional layout including offices, ablution facilities, and a spacious, recently renovated factory/production area designed for efficient workflow. Existing 1000kva power supply plus additional capacity if required. Viewings will be held on Wednesday’s and Friday’s 1pm – 2pm, from 21th May onwards, this to accommodate the tenant’s request. Legal Property Description: Unit 3, SS 16 Old Mill Road, Ndabeni, situated in the City of Cape Town Municipality, Western Cape. Fully described on Title Deed No:ST13182/2019 Total Extent Size: ± 3322m² Property Rates: Payable by the tenant Levies: Payable by the tenant Zoning: Industrial Monthly Rental: ± R265 000.00 ex VAT Please Note: Lease agreement available upon request. This property is being sold via an online auction in association Annenberg Property Group.