Industrial for Sale in Somerset West Business Park

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.