Commercial space in Westmead

R 6 850 000

Peter Salvesen

Harcourts-Upper Highway

Commercial space in Westmead

R 6 850 000

Secure long lease tenants already on this sought after property, in Mahogany Ridge, with a confirmed income and lease extension.

-Annual escalation on leases is currently at 8%.

-Secured property with palisade fencing and razor wire. Camera surveillance on property.

-One entrance to the property with automated gate access.

These two adjoining Warehouses boasts with the following:

Warehouse 1:

-5 year lease agreement

-75% of gross lettable area portion share

Warehouse 2:

-3 year lease agreement

-25% of gross lettable area portion share

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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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Commercial space in Westmead

R 6 850 000

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