MACYOUNG: Commercial Property in Industrial area in the Garden Route

R 24,100,000
Deal of the Week


Property Description

This premises is extremely well located with great visibility for the tenants.  This part of this busy industrial area never disappoints. Access to the premises is easy with sufficient parking for the tenants and their clients.

This building is fully tenanted. All tenants have valid leases in place with a 7,5% escalation annually.

The erf size is 5545sqm with a current GLA of 2274sqm thus leaving ample space for expansion.

Due to the nature of the building maintenance costs are extremely low and all municipal costs are recovered from the tenants.

Selling Price excludes VAT.

Property Id : 3292
Price: R 24,100,000
Monthly Turnover: R176,857.00
Monthly Profit: R150,314.00
ROI: 7,5%

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Zenita De Villiers [MacYoung] Business Practitioner