R 3 300 000

1200 m² Industrial space in Umbilo

616 m² 1200

This double storey Industrial building in Melbourne Road in Congella is on an erf size of 616m and has two ground floor units of 300m each, and a drive-up ramp to an upstairs Unit of 600m, giving a GLA of 1200 m. Total income is R47 158 per month or R566 000 per year with annual rates of R143 000. One can see that the rental rates are below R40 per m, giving huge potential to increase rental rates. Asking price is R3.3m plus vat, negotiable. Phone Shaun for further details.

Property details

Listing number T4622277
Property type Industrial
Erf size 616 m²
Floor size 1 200 m²