House For Sale in Vintonia

R17,500,000

Monthly Bond Repayment R177,665.07
Calculated over 20 years at 10.75% with no deposit.

Web Ref No RL177339

Great investment property

Warehouses with spacious yard and offices, this property is centrally located with close proximity to all major roads as well as easy access to the CBD and Suburbs. The erf size is 12 025 msq with a gross leasable area of 3 205 msq and consists of 4 areas and at net rental rate of R60/sqm, however only one of the areas are tenanted.

Area 1:
Size: 2396 msq
- guard house
- electric gate
- lapa area
- parking

Area 2:
Size: 2502 msq
- large hanger with roll up door
- 40 offices of various sizes including large training room and boardroom
- front offices including cash office with safe
- kitchenette
- toilets

Area 3:
Size: 2954 msq
- large warehouse
- 2 large trolley or dispatch areas
- 4 cages (one has door leading to exterior)
- 4 offices all with fans and aircons
- parking

Area 4: (currently tenanted until 31 January 2025)
Size: 4174 msq
- large open plan area that can fit 4/5 desks
- small lounge area
- kitchenette
- toilets
- training / boardroom
- parking

Outside (next to area 4) are 2 large store rooms, covered car port and outside toilet. This property has plenty of parking space and 2 entrances. An excellent investment opportunity with a potential income of R2.2 mil per annum. It would be perfect for warehouse, courier or storage companies. It does need some work.
Please contact us for a viewing.

Price excludes VAT.