R 10 900 000 | warehouse property for sale in maitland

Multi-tenanted well-built building for sale on corner of Voortrekker Road and Fifthteenth Avenue. Leases in place with good tenants who are well-established in current premises. Over 80% of leases only expire in mid 2024 and most of the tenants have been in the building for over 10 years Desirable features include: - 3x Roller Shutter Entrances to certain units - Street Parking on Fifthteenth Avenue and Voortrekker - Three Phase with 400amps available (maybe more tbc) Investment insights: - Yield potential of 12% - Mixed Use 2 Zoning giving future development optionality. - Development Clauses in leases - 6-month Notice Periods. For viewings and further Lease information, please contact Annenberg's Area Specialist. Seller open to offers.