Web Ref APC659
Fully let investment property for sale! Various tenants occupy this stand alone property situated on
The property boasts a total under-roof area of 2,306 square meters, situated on an expansive erf measuring 4,231 square meters. Tenant 1, with a lease term of 3 years beginning on November 1, 2021, pays a monthly rent of R23,540, subject to a 7% escalation. Tenant 2, under a 2-year lease starting from August 1, 2022, pays R24,000 per month, with rental adjustments based on CPI. Tenant 3 occupies the space for 5 years starting from October 1, 2022, paying R16,000 monthly, subject to a 6% increase. Tenant 4, commencing their 3-year lease on August 1, 2020, pays R16,000 monthly, with an 8% escalation. Tenant 5, beginning their 3-year lease on May 1, 2022, pays R9,000 monthly, also subject to an 8% escalation. Additionally, monthly expenses include rates of R12,382 and insurance costs of R4,559.
In summary, the property offers a vast space of 2,306 square meters under roof, located on a generous 4,231 square meter erf. Tenant arrangements vary, with leases ranging from 2 to 5 years and rentals spanning from R9,000 to R24,000 per month. Escalations in rent vary from 6% to 8%, with some tenants subjected to fixed percentage increases while others have adjustments tied to the Consumer Price Index (CPI). Moreover, monthly expenses covering rates and insurance total R16,941.
In summary, the property offers a vast space of 2,306 square meters under roof, located on a generous 4,231 square meter erf. Tenant arrangements vary, with leases ranging from 2 to 5 years and rentals spanning from R9,000 to R24,000 per month. Escalations in rent vary from 6% to 8%, with some tenants subjected to fixed percentage increases while others have adjustments tied to the Consumer Price Index (CPI). Moreover, monthly expenses covering rates and insurance total R16,941.
Features
Zoning
Industrial
Exterior
Security
No
Sizes
Floor Size
2,306m²
Land Size
4,231m²
