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R 49 000 000

Industrial Property for Sale in Stormill

115 New Canada Road, , Stormill, Roodepoort

Floor Size 9559 m² Erf Size 50 007 m²
Investment Property
Investment Property For Sale, situated at 115 New Canada Road, Putcoton, with visual exposure onto Main Reef Road. The property comprises of a stand measuring 50 007m2 and triple storey offices, workshops, ablutions, canteen, locker room, storeroom and canopy for diesel depot with 2 pumps, measuring 9559m2. The property further offers paved and gravel yard, suitable for parking vehicles and storage. There are 2 boreholes on the premises.

The current tenant has been in occupation for approximately 30 years and is leasing the property on a triple net lease, paying a gross rental, the rates, water, electricity, sewerage, refuse, property maintenance and security. The property owner pays the building insurance.

At an asking price of R49 000 000, plus vat, the yield is 13.60%
Listing Number
114437192
Type of Property
Industrial Property
Street Address
115 New Canada Road,, Stormill
List Date
22 May 2024
Erf Size
50 007 m²
Floor Area
9 559 m²
Furnished
Optional
Truck Access
Superlink
Multi Tenanted
No
Power Availability
Three Phase
Generator
No

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Paul Dally
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Contact Agent

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Prime Location SA

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Paul Dally
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