Accepting Offers.
DESCRIPTION:
This face brick three floor industrial building is set in the heart of sought after Maitland, with quick access onto all the major motorways makes this the desired investment. This is a sound property investment as the tenants have been there for over 10 years.
TENANT 1 GROUND FLOOR:
Rental - R17 850.00pm
Pre-paid electricity
Lease till September 2025
TENANT 2 FIRST FLOOR:
Rental - R15 280.00 pm
Pre-paid electricity
Lease till September 2025
TENANT 3 SECOND FLOOR:
Rental - R22 145.00pm
Pre-paid electricity
Lease till September 2025
GENERAL:
Face-brick - low maintenance
Total income - R56 275.00 pm
Expenses - R4 325.00 pm
Nett income - R51 950.00 pm
Ample parking
Each floor +- 600m2
Zoning - MU2
DETAILS:
• Erf No: 106078, Cape Town
• Erf Size: 656m²
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
Maitland, Cape Town, Western Cape