Fully describe this property and its income earning activities.
The Property consists of : The Warehouse/ workshop with a spray room, staff rooms of 188 sq m, 3 x offices on the first floor of 55 sq m , and the ground floor with Reception, Boardroom, Kitchen, 2 x storerooms and bathroom of 107 sq m. Total floor space of 350 sq m . Under cover storage and working area The factory is build on 774 sq meter stand.
What is the approximate age of the buildings?
What is the zoning of the property and what can be developed thereon?
Are there building plans available?
What is the erf size and the size of the buildings?
Stand size is 774 sq meter and the total buildings 350 sq meter
Is a property valuation available?
No , the price is the owners asking price
Is the property being let by a letting agency?
No. The factory is currently occupied by the owners business and he wants to relocate his business to his small holding.
How did the Covid-19 pandemic impact the business turnover / daily operations?
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
How could the income of the property be increased?
The factory can be rented out as a investment with rental income. Occupying the premises as the owner of the factory will avoid paying rent but will the owner benefit in the capital growth of the investment.
What is the monthly rates and taxes payable to local authority?
Approximately R3200 pm
When does the current lease end?
No lease is applicable. Currently the owner occupy the factory himself, till relocating.
What is the square meters of the business?
Buildings is 350 sqm with open carports on the site.
Do you require a licence?
No, license needed
What are the main assets of the business?
The factory building as described above with the stand size of 774 sq meters.
Are any items not included in the sale?
Items INCLUDED in the sale are the air conditioning units in the offices and the CCTV camera's
The factory is located in a safe light industrial area. It is very central to main roads and other businesses . The site has good security fencing . Electrical supply with 3 phase connections in place.
What is the reason for the sale?
The owner wants to relocate his current business to his small holding.He is travelling long distances to work .
Why is this property a good investment?
It is a solid building with all facilities needed for running a light industrial business
What is the asking price?
R 2 310 000
Annual Turnover Amount between R 500 thousand and R 6 million