Industrial for Sale in Congella

Description

Accepting Offers. DESCRIPTION: This prime industrial building is situated adjacent to sought after Durban port area. The building is divided into 8 mini warehouses which makes this a great investment as your risk is spread over 8 tenants. Close to public transport and major motorways South Coast Road, N2 and M4 makes it convenient for staff to get to work and infrastructure for major businesses. PROPERTY: • Property split over two erfs • Two Erf size 1441m² and 4047m² • Total 5488m² • GLA 6743m² • 7 Tenants, 1 vacant • Unit size from 80m² – 1635m² • Offices, kitchenette and ablutions • Ample parking FINANCIAL BREAKDOWN: • Net income ±R 4.93 million • Net yield 11.04 % • Potential income for vacant unit at ±R 65 000 per month excl. vat • Rentals – ±R 5785 p/m² • Vat Entity DETAILS: • Erf size: 4047m² & 1441m² • Zoning: General Industry DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.