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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.
Purchase Price R 11 500 000
Building Size2143 m2
Price Per SQMR 5366 m2
Type of PropertyBusiness
ZoningRetail
Land Size4725 m2
Last Updated08 Jun 2022
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