Property features

R2 500 000
Rates R3375 pm

Property Details

Located on a quiet street in the Valencia area, this property is a multi-tenant property, which is being rented by 2 tenants. The property is zoned as industrial, and is focused towards industrial type business. This property is ideal for Mechanics, Manufacturing, Steel-work. Any heavy industrial business can be suited as the property is separate from other business. There is also a large yard space at the back of the property, which leads into an additional 2 storage rooms. Further to that, they have built an additional 80 Sqm rentable smaller building on the erf. The property is generating an income, however, it is not a formal lease agreement, and is based on a hand-shake agreement. This property is more ideal to buy for own-use, however, it has potential be an attractive investment with formal tenants and some upgrades. The property can be considered a “C” grade building. The structure of the building is well and good. However, some tender love and care will be needed, such as paint and cleaning. Upon request, The rates and taxes bill is available. A statement of income the property is generating is available. A copy of the title deed is available. To request other information, or to arrange a viewing. Please give me a call or send an enquiry.