Tenanted investment property for sale central Pinetown R 50m ex vat.
This unique and central Industrial Park has 6 long term tenants and 10 units with yard, security, plus 3 story office blocks (stand alone.)
All units are fully let giving revenue of R 468,365 pm with R 270,747 pm expenditure. With gross costs deducted, annual net revenue before tax is R 4,904,693.40 pa. (10% CAP)
Easy access with gated security and there are 10 stand alone units with own access as well as offices, reception, parking and storage. 6 Roller shutter doors 5m in height.
Each tenant is separately metered and pays water and electricity costs. Unit sizes range from 300sm to 2,685sm in size.
Each office floor and each unit has its own kitchenette area as well as his and hers ablutions.
Long term leases are in place and all tenants are long standing tenants with renewals.
Three - phase electricity 250 amps.
Please complete the contact agent form on the ad Detailed financial statements and tenant schedules will be provided to serious enquiries.
Please complete the contact agent form on the ad to book a viewing.
Viewing strictly by appointment with listing agents only.
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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