This roughly 3100sqm building boasts a gross annual income of R1029600. This coupled with the fact that the property has been dissected into multiple sections makes it robust in terms of being able to cater for various consumer needs and will be able to withstand a movement in tenancy. The property has several anchor tenants which have been occupying parts of the property for a lengthy period. The current owners made a brilliant strategic decision by moving away from trying to rent out one large space and instead focusing on an entirely different market segment, in the form of self-storage. This does address a very definite need in our local community. The general condition of the property is upwards of fair, having recently received a brand-new lick of paint. The buildings are old but
are certainly structurally sound and present well. The electricity supply is three-phase, and each section is metered separately. Only a very small portion of the property is not tenanted and even this is being addressed as they are busy sectioning the remaining space into smaller parts, in order to fit in with the reast of the business model. Viewings during business hours are easily arranged.
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