An exceptional industrial investment opportunity awaits with a total of 12 units generating a rental income of R319 028.35 per month. Each unit is currently occupied by tenants, and every unit is equipped with prepaid meters for electricity and water, ensuring accurate consumption tracking. The water supply for all units is sourced from an on-site borehole, with individual water tanks and pressure pump systems installed in each unit.
The tenants consist of three local companies and six national companies with long-term fixed contracts, guaranteeing a secure rental income. The property spans a generous 9,374 square meters, with the buildings occupying 6,435 square meters. All tenants did pay a deposit that is in a trust account. Municipal rates and taxes amount to R11 333.33 per month. Total Expenses per month +- R22 183.33 with municipal Rates and Taxes. This property also bought their own Transformer of 315 KVA.
Furthermore, four new units have been constructed since 2020, requiring a capital layout of approximately R6 million. The property boasts ample parking space within a fenced area, and each unit features its own entrance and fenced yard for added privacy. Detailed building plans and Certificates of Compliance (COCs) are readily available. Additionally, a 54-square-meter storage room is present on-site, housing all maintenance equipment.
This opportunity should not be overlooked, as it offers a remarkable return on investment of 21% per year.
Contact Agent
Need a home loan?
