Located in the town of Vredenburg, this investment opportunity offers the chance to acquire the entire industrial park, which spans over 6793m².
All 15 units are currently occupied, with the towns gym serving as the anchor tenant. Recent minor renovations, such as painting, have been carried out. Vredenburg is a vibrant town on the West Coast, boasting the popular West Coast Mall as a major attraction. With a significant influx of semi-graters, this opportunity should be seized promptly. Gross income per annum - R2 280 000 Expenses per annum - R744 000 (32% of income) Nett income per annum - R1 536 000 First year yield - 9.5% Vacancy factor - 3.0% Tenants - 15 out of 16 units Rent income ratio - 3.46% - 14.61% (stats average 6.3%) This information makes an offer possible at a fair market price, as the seller is ready for his next project. For further details and financial information, please dont hesitate to contact us.