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R 6 800 000 | business property for sale in merrivale

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Property Description

A popular, well utilised storage park in the Merrivale/Howick area is newly on the market. Currently the 66 units on site are nearly fully occupied given the site's good location just off Main Road, Merrivale and its proximity to the closely situated retirement villages in the area. Approved plans are in place for an additional 42 units. This storage park has a camera and access control security system, linked to armed response situated 100m away and perimeter beams. Size of storage units are 18 m2 and 21 m2 with heights of 4m and 5m. The total extent of the site for sale is 6 085 m2 situated on Main Road with high passing traffic linking Howick to Merrivale and the N3 freeway. With zoning including Light Industrial, Commercial and Retail, the vacant land is well positioned for various options of business prospects. Herewith approximate Yellodot figures Avg Monthly Income -R65 000 The expenses per month are; Rates R5 502.50 R and M R500 Insurance R600 Security R3 945 (exclusive of VAT) Management 10% of gross income (currently R6 800 pm) Water: R500 TOTAL R17 847.5 Asking Price R6 800 000


Property Details

Purchase Price R 6 800 000

Building Size1564 m2

Price Per SQMR 4347 m2

Type of PropertyBusiness

ZoningIndustrial

Land Size6085 m2

Last Updated06 Sep 2021

General Features

SecurityYes

Property Location

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