2198sqm Warehouse Complex FOR SALE, Elsies River Industrial

Industrial property FOR SALE in Socony road, Goodwood/Elsies River - adjacent to Voortrekker road.

ERF = 2920sqm | GLA = 2198sqm consists of 4 warehouses from 1084sqm to 155sqm.
A 206sqm retail canteen, and a 68sqm flatlet.
Units have 3 phase power - some with pre-paid meters.

Nett income = R1.21M per annum, expenses = R210k | Expense ratio = 14.8%

Zoning = General Industrial 1 | Floor Factor = 1.5 | Coverage = 75%.
A potential mixed use component and the City's drive to increase densification along Voortrekker road presents an opportunity to develop residential units.
Alternatively, an investment purchase can unlock rent-roll value.

Well located with quick access to major arterials, airport, harbour, & with public transport at nearby train, bus & taxi stops.

KEY FEATURES:

=1084sqm WAREHOUSE [Tenanted]
-3.4m Roller shutter | 3.7m Eaves height
-100A 3-phase (Prepaid meter)
-Admin = reception | 2x offices | toilets | Strong-room
-Warehouse = 3x toilets | change rooms | canteen

=347sqm WAREHOUSE [Tenanted]

=307sqm WAREHOUSE [Tenanted]

=206sqm RETAIL CANTEEN [Tenanted]

=155sqm WORKSHOP/WAREHOUSE [Tenanted]

= 68sqm Residential Flatlet [Tenanted]

= 23sqm Caretaker workshop

= 8sqm Security office

ADDITIONAL FEATURES

-Secure gated property with small yard on Starck road side
-Electrified perimeter fence [Requires servicing]
-Quick access to city, harbour, Airport industria and major arterials

For more information about this property or to book a viewing please contact me directly.

Stealth Properties specialises in investment sales and leasing throughout the Western Cape.

Property Reference #: CL1606

Agent Details:
Brett Whall
Stealth Commercial and Industrial (PTY) Ltd
Unit 112 & 113
Gibraltar House
74 Regent Road
Sea Point
8005