Yard

POA

Pinetown, Highway Areas, Kwazulu Natal

Property Information

CODE : PP1400
Asking Price : POA
Rental Price : POA
Ownership : Freehold
Land Size : 21030m²


Description

Industrial land of 21,030m2 with good freeway access and lots of potential. The top platform is approximatly 1,000m2 and bottom platform is currently approximatly 5,000m2 but we have been advised that it could fairly easily be extended to 8 000m2 ( May require blasting). The property slopes downwards off the road and the gradient of the driveway between the upper and lower levels is approx. 1:7.2. The driveway was cut but not hardened. Improvements include ablutions, open sided shed of approx. 165m2, paved yard area and sand & stone storage bunkers , electricity (approx. 80amp, 3 phase but distribution substation very close) and water connections.

Lease Agreements:- There is curently a month to month lease agreement of R 6000 pm, for the top section only. Now that we are putting in the driveway, we will also look at a lease of the bottom yard area at around R25 000pm, as is or improved (hardened & fenced) & costs amortized over the lease period.

Price:- Reduced to R3,5mil. If we complete the driveway, the price will be around R3,9 mil!

Rates:- R120 666 p.a but an appeal has been lodged as it is rated as vacant land instead of Industrial. The correct rates should be R77 740pa or R6 478.33.

Survey drawing:- Available in CAD format if required.
GIS MAP, SG Diagram and other drawings are available on request

We would also consider a lease with an option to buy!

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Contact the Agent

Bradley Hancock » ++27 72 019 6192
[email protected]

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Please Note Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.

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