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R 11 500 000 | business property for sale in meadowdale

Property Description

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.


Property Details

Purchase PriceR 11 500 000

Building Size2143 m2

Price Per SQMR 5366 m2

Type of PropertyBusiness

ZoningRetail

Land Size4725 m2

Last Updated08 Jun 2022

Property Location

Similar Property in nearby suburbs

Agent

Howard Lichter

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