2208 m² Industrial space in Selby

R 9 000 000

Grant Tarr

Galaxy Property Group

2208 m² Industrial space in Selby

R 9 000 000

Can I afford this?
Floor Area 2208 m²
Land Area 6062 m²
Rates R 13105

Perfect investment opportunity for your business. The property comprises of:

Land Size: 6062m2

Main Building: 2208.2m2 -

Warehouse factory: 1933.8m2

Offices: 248.4m2

Mezzanine level: 650m2

Separate Yard building: 250m2

2 underground 9000 liter bulk fuel tanks and covered mechanical repair oil discharge pit

automated sprinkler system

Receiving/despatch goods serviced by two automated roller shutter doors.

Landscaped gardens

Fully Precast walled fence

Substantial parking for vehicles, shipping containers

Exposure to the M1 and M2 Highways provides excellent advertising opportunities

Property Rates

Refuse: R329.04

Rates: R13 105.68

Investment Analysis

The current gross monthly rental @ R47.09 per m2 is R103 986.00 excluding VAT.

The gross annual rental income is R1 247 832.00 which, on R12 million selling price assessed value based on the market currently, offers an attractive return of 10.4%.

The premises are currently bound to a lease agreement to a third party obligation up to the end of June 2017.

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2208 m² Industrial space in Selby

R 9 000 000

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