Immaculate investment for sale Pinetown. R 30 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 in for vetting - BEFORE AN APPOINTMENT TO VIEW WILL BE BOOKED.
E & OE
All rights reserved.
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 in for vetting - BEFORE AN APPOINTMENT TO VIEW WILL BE BOOKED.
E & OE
All rights reserved.
Features
Zoning
Interior
Sizes
Parking Bays
Additional Amenities
Listing Info
Pinetown Central, Pinetown
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
