2,463m² Office For Sale in Pinetown Central

R29,000,000

1-6

Web Ref No KSS33835

Immaculate investment for sale Pinetown. R 29 m ex vat.

This is a feature property well known in central Pinetown on the corners of Mason Road and the main street Josiah Gumede.

Immaculately maintained it has long term multi-faceted tenants and facilities.
Front main road facing car showrooms, side facing bottom retail outlets x 2, roller shutter access doors for workshop and ramp access up the side to the 1st floor level (All tenanted with long-term blue-chip tenants.)

Side, ramp and back and street facing access points are all secured and give each tenant privacy and security.
Offices are A grade, air conditioned throughout, secure and recently renovated.

Total footprint of the ERF is 2,313 sm and the total lettable area 2,463 sm.

Current net ROI is at 9% approximately, with all leases still valid and none coming up for renewal yet.
Escalation clauses at 8 % will increase the net ROI accordingly.

There are 6 tenants currently.

CCV Cameras throughout.

One small section on the 1 st floor is available to let.

Selling price is not negotiable.

Yard area is 2,462 sm.
The property is approved to increase another 3 floors should an investor deem necessary.

Viewing by appointment with listing agent only.

Please complete the contact agent form on the ad and send it.

E & OE

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