2200 m² Office Space in Pinetown Central

R 14 500 000

Michael Fisher

Harcourts-Upper Highway

2200 m² Office Space in Pinetown Central

R 14 500 000

Address: 127 josiah gumede road
Floor Area 2200 m² Land Area 3251 m²

This is a landmark and well maintained property off Josiah Gumede Road with long standing, strong business tenants in 7 multiple mini factories, mainly in the automotive service sector, with a small retail section, offices and take away.

Individually equipped units all have 3 phase meters and power 250 A.

On site maintenance back up.

Phenomenal access, street visibility and stacks of customer parking, loading and offloading areas.

Units average between 240 - 280 sm each but some tenants lease double units.

Tenant records are excellent with 70% being there for up to 8 years and more!

The ERF area is 3,251 sm and the approximate GLA is 2,200 sm.

This is an excellent investment opportunity and with 2022 escalations net ROI will be approx 9,7% - 10,1 % pa.

All current leases are being renewed during the new - year so the current tenancy is 95% with long term leases from long standing clients.

Documentation and spreadsheets are available from listing agent on request.

All viewings strictly by appointment with listing agent.

E & OE

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Pinetown, being a very multi-cultural area, attracts different types of people from all walks of life. Having its own CBD, the area offers convenience for those who own or work in businesses in the area. The suburb has great homes, at affordable prices, and good schools that will appeal to families as well. This neighbourhood has a reputation as a "motor town", due to the high number of motor dealerships along the main road. Pinetown offers a slower pace of life than Durban, but is a short 15 minute drive from the bigger city.

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2200 m² Office Space in Pinetown Central

R 14 500 000

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