Sectors / Category

Annual turnover

|
  • Mandate: 30777
  • Added: 13 Dec 2016
  • 1196

Prime Industrial Property - Excellent Rental Return - Richards Bay

KwaZulu-Natal, North Coast
1196
Mandate 30777
Added 13 Dec 2016
R 8,800,000* ZAR
Stock: R 0
Assets: R 8,800,000
R 60,000 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Property has long term leases in place with a good return, Collectively the rental book is sitting at R 93 000.00 per month. Property is zoned as general industrial compatible with other manufacturing uses. Warehousing permitted. Outside storage , office uses, retail & certain catering establishments permitted. Good solid long term tenants in place. Verwell situated in developing area

Prime Industrial Property - Excellent Rental Return - Richards Bay
SELLING PRICE
R 8,800,000* ZAR
Stock: R0
Assets: R8,800,000
R 60,000 ZAR
Summary

Property has long term leases in place with a good return, Collectively the rental book is sitting at R 93 000.00 per month. Property is zoned as general industrial compatible with other manufacturing uses. Warehousing permitted. Outside storage , office uses, retail & certain catering establishments permitted. Good solid long term tenants in place. Verwell situated in developing area

To gain access to more business info
please supply us with your details below

Is a property valuation available?
Yes

Is the property being let by a letting agency?
Yes

Is a copy of all the lease agreements on the property available?
Yes

How could the income of the property be increased?
The site is 4800 sqm, total covered area is 2355 sqm. The permitted covered area can go up to 60% which means that you can build another structure up to the tune of 500 sqm. that will generate more income from rental potential.

What is the monthly rates and taxes payable to local authority?
+- R 11 500.00 per months

What rental deposit has been secured from the tenants?
One months rental.

What are the main assets of the business?
Property and structures

Are any items not included in the sale?
All included as per approved building plans

What is their overall condition?
Excellent.

Do any require repairing?
Building has been maintained and has been well looked after.

How have they been valued ?
Market related study

Strengths?
Property has long term leases in place with a good return, Collectively the rental book is at R 93 000.00 per month

Opportunities?
Potential to build additional 500 sqm structure to generate more rental income. Potential rent projected to be in the tune of R 35 000.00 per months.

What is the reason for the sale?
Owner is retiring from property investment and wants to relocated.

Why is this property a good investment?
Property is zoned as general industrial compatible with other manufacturing uses. Warehousing permitted. Outside storage , office uses, retail & certain catering establishments permitted. Good solid long term tenants in place.

Other listings by Werner
R 2.45MZAR
Added : 1 Nov 2018 128
Yearly profit : R705,623
KwaZulu-Natal
R 3.50MZAR
Added : 9 Oct 2018 279
Yearly profit : R1,186,465
KwaZulu-Natal
R 3.50MZAR
Added : 31 Aug 2018 498
Yearly profit : R1,539,188
KwaZulu-Natal
FRANCHISE DETAILS

Aldes Zululand

2 members
28 active mandates
KwaZulu-Natal
28 Bronze Street
3880

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 8.70MZAR
Added : 16 Dec 2017 981
Yearly profit : R722,952
Mpumalanga
R 10.00MZAR
Added : 28 Oct 2015 1013
Yearly profit : R0
North West
R 4.50MZAR
Added : 1 Sep 2015 1123
Yearly profit : R0
North West

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.30MZAR
Franchise
Added : 12 Nov 2018 16
Yearly profit : R143,096
Gauteng
R 2.08MZAR
Added : 5 Nov 2018 69
Yearly profit : R738,707
Gauteng
R 800KZAR
Added : 1 Nov 2018 174
Yearly profit : R395,050
Gauteng
R 690KZAR
Added : 1 Nov 2018 119
Yearly profit : R300,647
Gauteng
R 1.10MZAR
Added : 22 Oct 2018 150
Yearly profit : R144,168
Gauteng
R 580KZAR
Franchise
Added : 22 Oct 2018 185
Yearly profit : R348,981
Gauteng
R 900KZAR
Added : 22 Oct 2018 162
Yearly profit : R491,375
Gauteng
R 1.71MZAR
Added : 21 Oct 2018 264
Yearly profit : R758,870
Gauteng