R 12 400 000 | investment property for sale in new germany

Property Specifications: Floor Area - 1175sqm Asking Price - R 12.4m Rates - R15427,09 Fully Tenanted Ground Floor - Tenant 1 - Expiry 28/02/2030 - Monthly Rent R47,826.09 - Escalation 9% Lower Ground Floor - Tenant 2 - Expiry 31/12/2026 - Monthly Rent R29,700.00 - Escalation 8% Yard - Tenant 3 - Expiry 31/08/2029 - Monthly Rent R41,302.26 - Escalation 10% Total Monthly Rent R118,828.35 Total Annual Rent R1,425,940.20 New Germany forms part of the western suburbs of Durban. The node is east of Pinetown and accessed via the M19 from Umgeni Road in Durban. The node is known to be heavy industrial as a large supply of power can be found, it is accompanied with moderate rentals. The area is amongst many public transport stops and convenient amenities ??Points of interest in relation (in km) to New Germany:? Durban Port - 25.2km? M7 Highway - 4.8km ?King Shaka Airport - 39.4km? N3 Highway - 4.0km ??We specialize in commercial and Industrial property in the Greater Durban area, however, we have concluded deals in other areas around the country including Johannesburg and Cape Town.??New Germany, Pinetown, Maxmead, Westmead, Mahogany Ridge