Freehold Industrial/Commercial Business Property, Port Alfred

R 2,200,000

3 months ago126 views
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General Details
For Sale By:Agency
Size (sqm):2124
Parking:Covered
Description
ERF 1083, PORT ALFRED – GENERAL INFORMATION
Freehold Industrial/Commercial Business Property, Port Alfred
General
This property, situated in a prime location at 75 Bathurst Street, Port Alfred, offers an excellent opportunity to
earn a good, steady return on investment, plus an opportunity for further development as the erf is only
partially developed. It comprises 5 units: an office block of 107sq.m. and 4 shops/workshops of 54sq.m.
each. All units are currently let and have been producing a good, steady rental income during the past 10
years.
Details:
Size of erf: 2124m2
Comprises: Office Block of 107m2 : Main Office 28m2,
2nd Office 21m2
3rd Office/Store 31m2,
adjoining filing room,
toilet,
shower and
kitchenette.
Electrical supply to offices is single phase.
There is also a 70m² exterior concrete floor slab adjoining the
office block, which can be used for storage.
Workshops of 216m2: No. 1 54m2
No. 2 54m2
No. 3+4 108m2 (currently joined)
Workshops have 3-phase power.
Each workshop has a work area of just under 43m², a small office,
a storeroom and toilet.
The premises are completely fenced and buildings fitted with burglar
bars. Tenants do however have to make their own arrangements
regarding 24 hour armed response.
There is still considerable space left for additional offices/workshops to be erected on the property.
Total rental income per month, exclusive of VAT: R13 500-00 per month = R162 000 per year
The rentals include basic municipal charges. Water and electricity consumption is for the tenant's account.
The office tenants have their own electricity connection separate from the workshops and must pay the
municipality directly. Water consumption is charged if it exceeds 10 kilolitres per month.
(The above is about 25% below normal due to the current state of the economy.)
The office tenants have their own electricity connection separate from the workshops and must pay the
municipality directly. Water consumption is charged if it exceeds 10 kilolitres per month.
The premises are completely fenced and buildings fitted with burglar bars. Tenants do however have to
make their own arrangements regarding 24 hour armed response.
See sketch showing basic layout of improvements on erf.
-2-
Perfect opportunity for a serious buyer.. VAT registered.

Property Reference #: 3258649

Agent Details:
Carole Hill
Lew Geffen Sothebys International Realty
50 Masonic Street
Port Alfred
6170

Id Subtitle 1074128429
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