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FOR SALE – BUILDING COMPRISING STORAGE UNITS AND VACANT LAND
R 5,300,000
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9 months ago119 views
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General Details
Location:
Description
This property presents an investor with an ideal entry level opportunity to purchase a building comprising storage unit and including vacant land in New Germany, Kwa Zulu Natal.
The building consists of 76 storage units. Each unit has a secure roller shutter door and suitable electrical connections.
The storage units are located over three levels. The first and second levels are accessed via a paved ramp for easy access.
The ground floor has 32 units of various sizes ranging from 8 to 59m²
The first level has 26 units of various sizes ranging from 8 to 18m²
The second level has 18 units at 18m² each.
There is an office and ablution facility on the ground floor.
The building is fenced, and security cameras are installed.
An opportunity exists to purchase the shares in the property- owning entity since the land and buildings comprise the only asset in the company.
There is an opportunity for further development.
The F.A.R allows for 4,349 Square Meters Coverage and the actual F.A.R. is 2,582 Square Meters Coverage.
New Germany borders the industrial hub of Pinetown and offers proximity to the M13 -Durban and Pietermaritzburg bound and easy access to the N2.
There is large demand for storage units from the industrial and residential sectors of the New Germany and Pinetown precincts.
Property Reference #: CL1705
Agent Details:
Bruce Baird
Maxprop Holdings (Pty) Ltd
98 Bulwer Road
Glenwood
The building consists of 76 storage units. Each unit has a secure roller shutter door and suitable electrical connections.
The storage units are located over three levels. The first and second levels are accessed via a paved ramp for easy access.
The ground floor has 32 units of various sizes ranging from 8 to 59m²
The first level has 26 units of various sizes ranging from 8 to 18m²
The second level has 18 units at 18m² each.
There is an office and ablution facility on the ground floor.
The building is fenced, and security cameras are installed.
An opportunity exists to purchase the shares in the property- owning entity since the land and buildings comprise the only asset in the company.
There is an opportunity for further development.
The F.A.R allows for 4,349 Square Meters Coverage and the actual F.A.R. is 2,582 Square Meters Coverage.
New Germany borders the industrial hub of Pinetown and offers proximity to the M13 -Durban and Pietermaritzburg bound and easy access to the N2.
There is large demand for storage units from the industrial and residential sectors of the New Germany and Pinetown precincts.
Property Reference #: CL1705
Agent Details:
Bruce Baird
Maxprop Holdings (Pty) Ltd
98 Bulwer Road
Glenwood
Id Subtitle 1220909299
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Estimated monthly repaymentR 57,437
Total property loan amountR 5,300,000
Total interestR 8,484,754
Total repaymentR 13,784,754
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Maxprop Holdings (Pty) Ltd
Selling for 2+ years
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