Four tenanted light industrial units in Riverside Park. Located in the City Improvement district of Riverside, the area offers safety, cleanliness and access to main arterial transport routes. These factors make it highly desirable for tenants.

The units are 4 separate sectional title units.
The seller ideally would sell as a package deal, however, individual selling options are open to discussion.
The units are currently tenanted on various lease terms, at a rental rate of R75/Sqm Excl Vat, utilities, rates and taxes which are all paid by the tenant. An achievable initial return on investment would be 10-11% depending on purchase price, which is in line with cap rates in the area.

The area is in high demand, and generally it takes less than a month to tenant rental units of this size in Riverside due to the demand, and lack of rental options in the area. Riverside in the retail and industrial hub of Nelspruit.

Unit sizes and info as follows:
-400 Sqm
-2x 200 Sqm
-190 Sqm
-Pre-paid electricity. metered water
-Tenanted at R75/Sqm Excl VAT, utilities, rates and levies.

A detailed breakdown of lease terms, rental income and relative cost of ownership are all available on request.

For detailed information, please contact me. Read more...