Industrial Property for sale in New Germany, Pinetown, KwaZulu Natal, 1175 m²

New Germany, Pinetown, KwaZulu Natal, KwaZulu Natal

Industrial Property

ZAR 11,950,000

• 4 bathrooms
• 1,175 sqm
• 2,251 m² plot

1,175m² GLA Tenanted Industrial Investment, Shepstone Road Here is a fully tenanted industrial property for sale with a healthy income stream, solid tenants & a good ROI. 1,175m2 GLA double-storey commercial industrial investment at 112 Shepstone Road Pinetown, on a 2,251m2 site. 493m2 lower ground, 476m2 ground, 100m2 concrete mezzanine and 106m2 steel and timber mezzanine. 2,251m2 site with 1,350m2 of yard space.The property is currently let to three tenants on long term leases with a combined rental income of R118,828.35 per month excluding VAT. After rates of R15,427.09 per month, net income is R103,401.26 per month. Shepstone Road is a busy route with great street exposure for the tenants. The lower level is accessed through a roller shutter door and has an open workshop with an office and ablutions, at a height of about 4m. The ground floor is an open space currently used as retail, with a kitchen and ablutions. Each unit has its own serviced entrance and yard area. Additional Features. • 4.6m to eaves, 7.1m apex height • Three tenants: R118,828.35 per month excl. VAT • Net income R103,401.26 per month after rates • Separate serviced entrance and yard for each unit Call…