INVESTORS ONLY - SOLE MANDATE - EXCELLENT STABLE TENANT

Please note that Price excludes VAT @ 15.0%

A huge opportunity exists for an investor to add this property to their portfolio. Strong anchor tenant with a 5+5 lease in place with annual escalation of 7.0% YOY.

2 ERVEN with Power capacity of 1500kVA. 5912sq.m of property with a GLA of 3648 comprising;

1. 2 x ERF (2,143sq.m + 3,769sq,m = 5912sq.m)
2. x separate office / admin buildings both with own entrance (146sq.m +141sq.m)
3. 2 x transformers (1 on each erven) , 1000kva and 500kva
4. Borehole & JOJO Tanks
5. Weigh Bridge
6. Building 1= 4.5m to eves , Building 2 = 6m height to eves
7. Secure Parking
8. Dual access, one from busy arterial and one from secondary road
9. Strategic location, erven not on load shedding grid
10. Electrical installation recently upgraded at a cost of 1.5 Million Rand
11. Demand Meter - Tariff E
12. Zoning - Industrial 3
13. Permitted Coverage 60%
14. Height Restriction - 2 Storeys
15. Mortar strength - 7Mpa
16. Concrete Foundation Strength - 20Mpa
17. Floor Strength - 25Mpa
18. Roofing - Polycarb & IBR
19. Zoning - Industrial 3

At the point of lease expiry, the buildings can be leased out separately, there are ablution blocks for both building 1 & 2 which is being used as storerooms, together with offices, restrooms, kitchens and separate entrances for both Erven.

The main warehouses bordering the secondary road at the back of the premises both have entrances in this secondary street.

The third warehouse on the west side of the property was originally rented out as a separate unit. The workshop was used for offices and the back section was used as storage.