Howick Storage Park For Sale

POA

Howick, Midlands, Kwazulu Natal

Property Information

CODE : PP4157
Asking Price : POA
Ownership : Freehold


Description

A popular, well utilised storage park in the Merrivale/Howick area is newly on the market. Currently the 66 units on site are 99 % occupied given the site's good location just off Main Road, Merrivale and its proximity to the closely situated retirement villages in the area. Approved plans are in place for an additional 42 units. This storage park has 24 hour security, linked to armed response situated 100m away and perimeter beams. Size of storage units are 18 m2 and 21 m2 with heights of 4m and 5m. The total extent of the site for sale is 15 085 m2 which includes 9 000 m2 vacant land adjacent to the storage park, situated on Main Road with high passing traffic linking Howick to Merrivale and the N3 freeway. With zoning including Light Industrial, Commercial and Retail, the vacant land is well positioned for various options of business prospects.

Herewith Yellodot figures;

The monthly rental rates per unit are as follows:
R1 025 incl per month for 1 to 5 months
R 900 incl per month for 6 to 11 months
R 850 incl per month for 12 months or longer.

Monthly Income from Jan 2017: R 56 234.00 incl

The expenses per month are;
Rates R5 062.50
Electricity R883.05 ave last 6 mths
R and M R400
Insurance R546
Security R13500
Bank Charges R150--
Water: R448.15 Ave last 6 months

We are in the process of sub-dividing off the vacant land into two plots of about 4250m²each ( to be verified ) , one will have the house on it so there is the option of only buying the Storage Park (with the land for the 42 units plus some additional ) on its own.

The pricing will be as follows ;-

1./ Storage Park R5,5m

2./ Plot A , approx 3410m² with road frontage R2,2m

3./ Plot B , approx 2450m² with house R2,2m

Total on market will be R9,9m

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Contact the Agent

Matthew Hayter » ++27 82 569 1765
[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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