963 m² Industrial space in Richem

R 3 950 000

Karan Bhogal

eXp Realty South Africa

963 m² Industrial space in Richem

R 3 950 000

Address: 13 patina drive
6 Baths
Floor Area 963 m² Land Area 2200 m²

This newly renovated Empangeni Mini factory complex is situated at 13 Platina Drive, Empangeni. The factory complex, comprising of TWO main buildings, is currently divided into 5 mini-factories. The buildings could be further divided into smaller units should the need arise. It is fully fenced and secure with a driveway gate and parking bays for all the factories within the fenced factory area. All units have their own set of toilets, showers and kitchenettes. 4 of the 5 units have roller garage door access and 1 unit has a mezzanine level. The mini factory complex also has a common toilet and shower that can be used by building maintenance, security and all tenants, over and above their own ablutions. The building under cover is 1048sqmtrs on 2200 sqr mtrs of land.

Factory 1246 sqmtrs currently occupied with a rental income of R12 300

Factory 2246 sqmtrs currently occupied with a rental income of R12 300

Factory 3155 sqmtrs - has a potential rent income of R7 750

Factory 4170 sqmtrs - has a potential rent income of R8 50085 sqmtrs - Mezzanine level R2 125

Factory 5146 sqmtrs - consisting of 6 offices with a potential rental income of R7 300

If all units were let, there will be rental income of R50 275 x 15% VAT = R57 816.25The rates varies and is approximately R4 648.00Sewerage, water and refuse removal is paid by the tenants over and above the rent.

R3 950 000 Neg

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Key Property Features

6
Bathrooms
20
Open Parkings

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963 m² Industrial space in Richem

R 3 950 000

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