A combination of 3 industrial properties, adjacent to each other.
A total of 11 200 sqm floor area, on a total of
26 265 000 sqm.
You will buy it as a going concern, meaning no transfer duties or VAT to be paid, although it is a VAT transaction.
Current rental income is R 2 148 000.00 per year
When fully let your total income will be
R 4 000 000.00 per year.
A very positive benefit is that the properties are in a no-load shedding zone.
One of the properties, an open stand of 6000 sqm can be purchased by its own. The owner will develop it according to a client's needs.
This stand can be purchased on its own.