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Double story industrial property For Sale
R 3,800,000
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2 years ago435 views
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Description
This double-story industrial property is located in a quiet area of Maitland and offers approximately 800m2 of leasable floor area, with 400m2 on the ground floor and 400m2 on the first floor.
The unit has ample parking and a roller shutter door for deliveries. The ground floor includes a reception area, toilets, a boardroom, and warehousing space that includes a staff canteen and ablutions. Upstairs, there is the main office with a kitchenette and toilets, as well as additional warehousing space with staff quarters. The first floor is accessible by two internal staircases.
Currently, the building is home to a thriving promotions business that is willing to sign a two-year lease at R35,000pm ex VAT, with an 8% escalation. This presents a potential opportunity for a new owner to earn a reliable income from the property immediately.
The asking price for the property is R3.8 million, which offers an affordable option for those seeking a property with potential for both office and warehouse space. Interested parties should evaluate the property's potential and consider their specific needs and purposes before making an offer.
Call Donovan today to vierw
Property Reference #: CL1296
Agent Details:
Donovan Donald
Sothebys International Realty Commercial
49 Tokai Road
Tokai
7945
The unit has ample parking and a roller shutter door for deliveries. The ground floor includes a reception area, toilets, a boardroom, and warehousing space that includes a staff canteen and ablutions. Upstairs, there is the main office with a kitchenette and toilets, as well as additional warehousing space with staff quarters. The first floor is accessible by two internal staircases.
Currently, the building is home to a thriving promotions business that is willing to sign a two-year lease at R35,000pm ex VAT, with an 8% escalation. This presents a potential opportunity for a new owner to earn a reliable income from the property immediately.
The asking price for the property is R3.8 million, which offers an affordable option for those seeking a property with potential for both office and warehouse space. Interested parties should evaluate the property's potential and consider their specific needs and purposes before making an offer.
Call Donovan today to vierw
Property Reference #: CL1296
Agent Details:
Donovan Donald
Sothebys International Realty Commercial
49 Tokai Road
Tokai
7945
Id Subtitle 987962131
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Estimated monthly repaymentR 41,181
Total property loan amountR 3,800,000
Total interestR 6,083,409
Total repaymentR 9,883,409
Interest rate at 11.75% for 20 years *
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Sothebys International Realty Commercial
Selling for 2+ years
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