R11,750,000
Investment Property FOR SALE in Briardene
1100m2 Warehouse in a sought after park in Briardene and close to the N2 and Chris Hani Road. Offers great height in the warehouse, office component, 3 phase power, gantry and parking for 12 vehicles. Has 2 roller shutter doors which allows for drive through access to the yard behind the unit. Rear Yard is 800m2 and is common property but only accessed through this unit. Current lease expires 31 October 2022.
Lease -1/11/2013-31/10/2022
Rental-R103,146 plus Vat plus R3,043 Rates recovery wef1/11/2019
Escalation-8%
NET ANNUAL INCOME-R1,060,000
Monthly Rates-R12,377
Monthly Levies-R3,708(includes Insurance)
For more information or to view please contact Lee-Ann Albers. Your area specialist in Umhlanga Rocks, Mount Edgecombe, La Lucia, Briardene, Riverhorse Valley, Springfield Park, Phoenix, Verulam, Ottawa, Durban North, Gateway, Ballito, Glenwood, Morningside, Windermere, Musgrave
Features
Interior
Exterior
Sizes
Parking Bays
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