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Fully Tenanted Industrial Building With Great Yields
updated on Sep 06, 2024
R 6 000 000

WEB REF: 715273

Property Summary
  • Selling Price R 6 000 000
  • Property Type Industrial
  • Erf Size 656.0000 m2
  • Rates & Taxes R 1400.00


Description

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.

Additional Features
      Property Address

      Maitland, Cape Town, Western Cape

      Contact Agent(s)

      eMail Agent(s)