3995 m² Commercial space in North Industria

On Auction

Luke Hearn

In2Assets Properties

3995 m² Commercial space in North Industria

On Auction

Address: 8 caversham road
Floor Area 3995 m²

Multi-Tenanted Investment Property. 8 Caversham Road, Pinetown

Extent: 3 995 m | GLA: 2 467 m | Gross Annual Income: R 2 Million | Fully let | Multiple tenants | Exclusive yard and parking area | Close proximity to M13

LOCALITY

The property is well located along Caversham Road in Pinetown. The property has brilliant exposure to Caversham Road and lies opposite the new Mercedes Benz showroom. The area is comprised of a mix of industry including industrial warehouses and manufacturing, offices and retail. The property itself has great access via Caversham Road into New Germany as well as direct access to the M17 (roughly 300m away) & N3 (roughly 1.5kms away). The property also easily accesses the surrounding areas via many main and arterial routes.

PRIMARY USE

The property is being sold with a number of leases in place and offers a prime investment opportunity. There are currently 6 leases in place with ten lettable sections to the property. The Tenant Workforce utilises three sections of the property, the lettable area for this is 719sqm. There are another five tenants with a combined lettable area of 1748sqm.

The current gross income of the property is R2,127,668.00 per annum. This is a prime investment property that has been well looked after and maintained.

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Experience Pinetown

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.

A bridge in Paradise Valley in Pinetown
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3995 m² Commercial space in North Industria

On Auction

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