This investment property is tenanted with a remainder of a three-year lease in place. The selling price is R18,500,000, and the transaction is zero-rated, offering a yield of approximately 11.8%. The property features a layout where approximately 15% is designated as office space and 85% as workshop space. It is designed for optimal functionality with truck access from two sides and a workshop roof height of approximately six meters to the eaves.
The property is equipped with 800 amps of three-phase electricity and a 500-amp generator, as well as multiple welding plugs and several on-grade roller doors on two sides of the workshop. It includes seven 1-tonne cranes and three 0.5-tonne cranes, spray booths, vehicle wash bays, a chemical storage room, a parts spares warehouse, a canteen,
ample staff ablutions, and staff turnstiles.
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