R 11 500 000 | business property for sale in meadowdale

This Storage Unit Complex is located in the sought after area of Meadowdale, Germiston. The units vary in size, and the users are a mix of commercial (55%) & residential 45%). Situated close to main roads, highways and freeways, the units are easy to get to. The Property can be described as follows: 138 Storage Units varying in size. 12 x (6m x 2,4m) Containers. 37 x Shade Cloth Parking Bays which are rented to users who store Boats, Caravans Trucks etc. 6 Rentable mini-offices (3 double-up as storage). 3 Parking bays for staff vehicles. 1 Reception office with kitchenette a, 2 office toilets and shower. 2 Yard toilets for customers. 1 Workshop/storage unit for Venture Storage maintenance. The total GLA is 2,143sqm The Erf size 4,725sqm The average Rentals achieved are R 783 (excl VAT) for the smallest unit R 4,165.00 (excl VAT) for the largest unit The Forecasted nett income is approximately R 1,300,000 per annum. This is based on a 95% occupancy. The asking price for the property and letting enterprise is R 11,500,000 ex VAT.