5499 m² Commercial space in Austerville

R 40 000 000

Quade van der Merwe

Tyson Properties-Bluff

Jean-Luc Firmin

Tyson Properties-Bluff

5499 m² Commercial space in Austerville

R 40 000 000

Address: 269 chamberlin road
Floor Area 5499 m² Land Area 7300 m²

Tyson Properties has the pleasure of offering the three properties below for

sale. All three ERF's are owned by the same entity, are adjacent to each

other and to be sold as one.

269 CHAMBERLAIN ROAD, JACOBS (ERF 302 of Wentworth)

271 CHMABERLAIN ROAD, JACOBS (ERF 303 of Wentworth)

58 LAWLEY STREET, JACOBS (ERF 510/2 & 510/3 of Wentworth)

269 CHAMBERLAIN ROAD:

- Land size: 2575m2

- Gross Lettable Area (GLA): 2065m2

- Coverage: 1824m2

- Rates: R14 207,01 per month or R170 484,12 per year.

- Rent : currently owner occupied but has indicated will sign a 3 year lease at

R55m2 Ex Vat which equates to R113 575,00 ex Vat per month or R1 362 900,00

ex Vat per year

271 CHAMBERLAIN ROAD:

- Land size: 2709m2

- Gross Lettable Area (GLA): 1990m2

- Coverage: 1735m2

- Rates: R17 510,22 per month or R210 122,64 per year.

- Rent : current tenant is on year to year lease but has been in occupation for

many years and likely that they would consider a 3 year lease. Currently

paying R139 359,61 ex vat per month or R1 672 315,32 ex vat per year.

58 LAWLEY STREET:

- Land size: 2016m2

- Gross Lettable Area (GLA): 1444m2

- Coverage: 1420m2

- Rates: R11 865,90 per month or R142 390,80 per year.

- Rent : currently owner occupied but has indicated will sign a 3 year lease at

R55m2 Ex Vat which equates to R79 420,00 ex Vat per month or R953 040,00 ex

Vat per year

COMBINED PROPERTY FIGURES

Land Size: 7300m2

Gross LettableArea: 5499m2

Rates: R43 583,13 per month or R522 997,56 per year

Rent Income: R332 354 ex Vat per month or R 3 988 248 ex Vat per year

Note: owner occupied space is calculated at a rental of R55m2 ex vat.

NOTES:

- Roof has recently been repaired and is in excellent condition.

- All three warehouses on the property are fully sprinklered.

- A sub-station which services only 269 Chamberlain Road was installed at a

cost of R1,3million

ASKING PRICE: R42 000 000

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Quade van der Merwe

Quade

van der Merwe

Jean-Luc Firmin

Jean-Luc

Firmin

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5499 m² Commercial space in Austerville

R 40 000 000

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