This property presents an investor with an ideal entry level opportunity to purchase a building comprising storage unit and including vacant land in New Germany, Kwa Zulu Natal.
The building consists of 76 storage units. Each unit has a secure roller shutter door and suitable electrical connections.
The storage units are located over three levels. The first and second levels are accessed via a paved ramp for easy access.
The ground floor has 32 units of various sizes ranging from 8 to 59m
The first level has 26 units of various sizes ranging from 8 to 18m
The second level has 18 units at 18m each.
There is an office and ablution facility on the ground floor.
The building is fenced, and security cameras are installed.
An opportunity exists to purchase the shares in the property- owning entity since the land and buildings comprise the only asset in the company.
There is an opportunity for further development.
The F.A.R allows for 4,349 Square Meters Coverage and the actual F.A.R. is 2,582 Square Meters Coverage.
New Germany borders the industrial hub of Pinetown and offers proximity to the M13 -Durban and Pietermaritzburg bound and easy access to the N2.
There is large demand for storage units from the industrial and residential sectors of the New Germany and Pinetown precincts.
Contact Agent
Need a home loan?
