1265m2 Warehouse FOR SALE in Pinetown

R7,400,000.00

Pinetown, Highway Areas, Kwazulu Natal

Property Information

CODE : PP5764
Asking Price : R7,400,000.00
Ownership : S/Title
Building Size : 1265m²


Description

The subject property is situated in Pinetown

Property specs:

- Standalone property of roughly 1265m2 under roof.

Translates to R5850m2 which is very low for the area.

Rates amount: R9600 per month.

Top Unit lease expires: 31 June 2020 and tenant has an option to extend for a further 3 years. Till : 31 June 2023.
Rental: R34000 Ex Vat

Bottom unit: Lease ends 30 April 2021
Rental: R17500 Ex Vat

Both leases 10% escalations. Most leases are at far lower escalations.

There are no levies.

Separate electricity meters and one bulk water meter with each unit having a separate water meter.

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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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