Phoenix Industrial for Sale

POA

Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP4384
Asking Price : POA
Ownership : Freehold
Land Size : 3973m²


Description

The property comprises 4 industrial units that are currently used as factories, warehousing, and workshops.
At the front entrance of the property there is the office component which consists of the reception area,
open plan office area, two individual offices with one linking to a retail & storage section, board room,
kitchenette and ablutions facilities. Ample visitors parking is available at the front. The 4 units are accessed
via roller shutter doors and each comprises an office, change rooms and ablution facilities. Each unit has
good height and some of the units have mezzanine levels for additional storage. Ample vehicular parking is
available along the driveway.
The property receives good exposure as it is bound by three busy roads. It is secured with wall and palisade
fencing. The property is subject to a security servitude as per the Title Deed.

Accommodation Details
The gross lettable area is approximately:
Office component ± 126.25 m²
Unit 1 ± 846.35 m²
Unit 2 ± 401.00 m²
Unit 3 ± 410.00 m²
Unit 4 ± 365.00 m²
± 2 148.60 m²

Lease Details
The property is sold fully tenanted. The Gross Annual Income is approximately R1 104 000.00, which
amounts to approximately R92 000.00 per month. The tenants are liable for security expenses which is an
additional amount of approximately R3 000.00 per month and each tenant have their own water and
electricity meters. We are not yet in possession of the signed lease agreements.

Expenses
The assessment rates for the year 2016/2017 amounts to R 184 970.04, which equates to a monthly
figure of R 15 414.17.

Contact Yianni to discuss further

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Contact the Agent

Yianni Pavlou » ++27 82 494 4555
[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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