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Prime Fully Let Units
updated on Feb 12, 2025
R 8 000 000

WEB REF: 731850

Property Summary
  • Selling Price R 8 000 000
  • Property Type Industrial
  • Erf Size 1355.0000 m2


Description

Accepting Offers. DESCRIPTION: These prime industrial property is situated in sought after and popular Somerset West and is set in a Business Park. Close to public transport and all major roads leading out of Somerset West. ERF size is 1355m² & the building is 589m² UNITS: • 12 Lettable units (mostly 50m²), currently at between R85 - R100m² • Zoning GB1 • Yield calculated at 7-8% plus annual growth of around 6% • Each unit has its own kitchen cupboard and partitioned toilet & basin. • Some are operated as double units • Lease terms, including month-to-month, 1 or 2 year leases. • Eskom electricity ( some 3 phase, some 1 phase) • New solar installation to mitigate load shedding. • Yield calculated at 7-8% plus annual growth of around 6% • Vat entity PARKING: • 12 Tenant bays • 8 Public/client parking (incl 1 for disabled) • 3 Loading bays BUSINESS PARK: • Security with a boomed area • 24 Hour armed response • Monitored cameras DETAILS: • Erf no: 12308, Somerset West • Erf size: 1 355m² • Zoning: General Business 1 DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.

Additional Features
      Property Address

      Somerset West Business Park, Somerset West, Western Cape

      Contact Agent(s)

      eMail Agent(s)