R 10 000 000 | investment property for sale in technikon

Property Description


Very neat, light industrial complex consisting of 8 lettable mini units ranging in different sizes. Lease periods are generally 1-3 years. Occupation is around 50% with gross monthly income of around R86,000. Potential gross income when fully let is around R178,000 per month. A purchaser could potentially occupy the vacant space himself. It would ideally be advised to register the premises as a sectional title, and the 8 units can then be sold off separately. These warehouses have the following features: -Low maintenance (all facebrick building and boundary walls) - Each unit has own change rooms and ladies and gents toilets inside - Each unit has own allocated parking bays - 4m high roller door access - The entire open areas of the property are paved with industrial grade paving - Good natural light (polycarbonate roof sheeting between IBR) - Roof height of up to 14 metres allowing a mezzanine floor to be built in all units (potential for significant increase in GLA of each unit by 100-200sqm)


Property Details

Purchase PriceR 10 000 000

Building Size3200 m2

Price Per SQMR 3125 m2

Type of PropertyInvestment

ZoningIndustrial

Land Size5965 m2

Last Updated27 Jun 2019

General Features

SecurityYes

Three Phase PowerYes

Property Location


AddressAlbertina Sisulu road, Technikon, Roodepoort, Gauteng, South Africa

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Property Location


Agent

Evan Bergh

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