R13,900,000
Calculate Affordability | Calculate Bond & Transfer Costs
Monthly Levy
R1,000
R1,000
Monthly Rates
R1,000
R1,000
Prime Property Investment Opportunity
The building comprises two main sections: offices and ablutions spanning 650m2, and a warehouse and factory area covering 1200m2, totaling a Gross Lettable Area (GLA) of 1850m2. Currently, it generates a monthly income of R150,000. The existing lease, set to expire in November 2025, includes a 5% escalation clause. The property, positioned in a tranquil and secure neighborhood, serves as an investment opportunity with a longstanding tenant of over 15 years. Although it's premature to renew the lease, the tenant expresses interest in extending their stay. Well-maintained and monitored by the tenant, the property boasts convenient access from the R21 freeway, enhanced security features such as electric fencing and beams, and a backup generator under the landlord's ownership. As a going concern, VAT will be zero-rated for the sale.
The property is offered for sale at R13,900,000.00, plus VAT, presenting a lucrative investment prospect given its stable income stream, established tenant, and prime location within a well-maintained complex. With potential for lease renewal and appreciation in property value, it represents a promising opportunity for investors seeking a reliable return on investment in the commercial real estate sector.
The property is offered for sale at R13,900,000.00, plus VAT, presenting a lucrative investment prospect given its stable income stream, established tenant, and prime location within a well-maintained complex. With potential for lease renewal and appreciation in property value, it represents a promising opportunity for investors seeking a reliable return on investment in the commercial real estate sector.
Features
Zoning
Industrial
Interior
Power (3 Phase)
Yes
Exterior
Security
Yes
Parking Bays
Open Parkings
10
Covered Parkings
10
Sizes
Floor Size
1,850m²
Extras
Generator; Secure Parking; 24 Hour Access
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