Industrial Property with excellent investment opportunity.
The property has 2 title deeds as it is registered over 2 separate erven, with 2 buildings, 1 on each erf.
Each building has 4 Warehouse which are currently rented out:
Building A;
Warehouse 1 is 125m² and is rented out for R7,300 + VAT
Warehouse 2 is 185 m² and is rented out for R10,800 + VAT
Warehouse 3 is 165 m² and is rented out for R R8,600 + VAT
Warehouse 4 is 225m², standing empty, but was rented out for R8,800 + VAT.
Total warehouse size is 700 m² with rental income potential of R35,500
Building B;
Warehouse 5 is 220 m² and is rented out for R11,000 + VAT
Warehouse 6 is 165 m² and is rented out for R9,500 + VAT
Warehouse 7 is 163 m² and is rented out for R R10,200 + VAT
Warehouse 8 is 220 m², standing empty, but was rented out for R15,300 + VAT.
Total warehouse size is 768 m² with rental income potential of R46,000