Accepting Offers.
DESCRIPTION:
This prime industrial property is situated in the heart and ever so popular Germiston Industrial area with easy access to all major motorways in the area. South Germiston includes older industrial nodes and comprises of various light to heavy industrial use facilities.
The surrounding neighborhood comprises similar and older industrial facilities. This is a typical industrial township with a mixture of old and more modern industrial facilities. Some national tenants were noted in the area which include large tenants such as Mac Steel, Scaw Metals and Johnson Mattey. The node is centrally located in the East Rand and is easily accessed via a number of main and secondary access roads.
• 47 Units
• 46 Units are fully let
• 1 Vacant unit - potential rent - ±R2,800.00 pm
• Male and female toilets for tenants
• Tenants pay for water & electricity
• Income - R3,496,200.00 pa (excl Vat)
• Expenses - R966,000.00 pa (excl Vat)
• Nett income - R2,530,200.00 pa (excl Vat)
• Cap rate - 20%
• Full rent roll available to serious buyers.
• VAT Entity - Can zero rate the transaction
P.S. Not quite right? Not a problem. I have plenty of private stock that might work for you - Call me to learn more.
DETAILS:
• Erf No: 642, South Germiston Ext 4
• Erf Size: 9962m²
• Zoning: 8 (Industrial 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 bidding.
Property Address
Dukathole, Germiston, Gauteng