Immaculate investment for sale Pinetown. R 29 m ex vat.
This is a feature property well known in central Pinetown on the corners of Mason Road and the main street Josiah Gumede.
Immaculately maintained it has long term multi-faceted tenants and facilities. Front main road facing car showrooms, side facing bottom retail outlets x 2, roller shutter access doors for workshop and ramp access up the side to the 1st floor level (All tenanted with long-term blue-chip tenants.)
Side, ramp and back and street facing access points are all secured and give each tenant privacy and security. Offices are A grade, air conditioned throughout, secure and recently renovated.
Total footprint of the ERF is 2,313 sm and the total lettable area 2,463 sm.
Current net ROI is at 9% approximately, with all leases still valid and none coming up for renewal yet. Escalation clauses at 8 % will increase the net ROI accordingly.
There are 6 tenants currently.
CCV Cameras throughout.
One small section on the 1 st floor is available to let.
Selling price is not negotiable.
Yard area is 2,462 sm. The property is approved to increase another 3 floors should an investor deem necessary.
Viewing by appointment with listing agent only.
Please complete the contact agent form on the ad and send it.
Introduction
This bustling suburb called Pinetown offers its residents suburban peace mixed with urban practicality and is famous for its vibrant society, good infrastructure, and beautiful surroundings. If you are considering a move or would like to check out the neighbourhood, be sure that it will present you with diverse opportunities as well as create a conducive atmosphere.
A Brief History...
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