Established Investment Opportunity Exclusive to Harcourts Zululand!
Two fantastic industrial properties at over 11 000 square meters each, offering 92 various storage units and plenty of room for further development. Designed to be low-maintenance and maximise returns, the property consistently boasts a rental occupancy rate of +-95% all year round, along with the additional income of a telecoms high mast tower and a two-bedroom managers cottage. A brilliantly well-established investment, ready to go and offering immediate returns.
PROPERTY DESCRIPTIONS:
STAND 1: • Land Area: 1.147 Hectares / 11,147 sqm • Building Area Used: 1,371 sqm • Features: - High mast tower on property - Large automated vehicle gate - Open on one side with adjoining stand - Solar panels with 1.1 KVA inverter and battery backup • Buildings: - BLOCK E STORAGE UNITS (E3-E11): 527 sqm - BLOCK G STORAGE UNITS (G1-G12): 566 sqm - BLOCK F STORAGE UNITS (F1-F9): 92 sqm - COTTAGE: 86 sqm, 2 x bedrooms, 1 x bathroom, kitchen, lounge, veranda, and carport
STAND 2 • Land Area: 1.169 Hectares / 11,169 sqm • Building Area Used: 1,928 sqm • Features: - Automated vehicle gate - Open on one side with adjoining stand • Buildings: - BLOCK D STORAGE UNITS (D1-D6; D22-D27): 416 sqm - BLOCK D STORAGE UNITS (D28-D36): 603 sqm - BLOCK D STORAGE UNITS (D37-D43): 67 sqm - BLOCK C STORAGE UNITS (C1-C10; C57-C66): 428 sqm - BLOCK B STORAGE UNITS (B57-B66): 216 sqm - STEEL SHED STORAGE UNIT: 218 sqm - TOP SHED CENTRAL STORAGE UNIT: 81 sqm
Not to sound too cliche, very rarely do opportunities such as this become available. Well-priced and with so much on offer, these two properties sell themselves.
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
