Annual net income R 1 99 350.00 selling at 9% cap This is a new modern warehouse park that consist out of five tenants, the warehouses are build with brick and with IBR, the roof is IBR. Each warehouse has offices, each office has an air conditioners, office are carpeted with hang ceilings. There are warehouse toilet facilities and administrative toilet facilities, the warehouses are all equipped with roller shutter doors, the doors per warehouse vary from one to 6 per warehouse. All the tenants has been at the same premises for longer than three years, and all are very good payers. There are a communal paved yard that is accessible for truck and bakkies, there are enough room for receiving and dispatch of goods for the tenants. The yard is fenced and secure with flood lights outside.
Eac warehouse has its own prepaid meter, each warehouse is equipped with three phase electricity of 80 amps.
This is a stable investment, you can not store from home but you can work from home, this is why this is a good stable investment
Property Features
Key Features
Erf Size5 454 m²
Floor Size2 923 m²
RatesR 22 586