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.
9 revenue streams per month. IE- 9 tenants.
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 100% 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.
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