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.
Property Address
Somerset West Business Park, Somerset West, Western Cape