Is a property valuation available?
Is the property being let by a letting agency?
Is a copy of all the lease agreements on the property available?
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?
Do any require repairing?
Building has been maintained and has been well looked after.
How have they been valued ?
Market related study
Property has long term leases in place with a good return, Collectively the rental book is at R 93 000.00 per month
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.
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Annual Turnover Amount between R 500 thousand and R 6 million