1 175 m² Industrial space in New Germany

For sale: a fully tenanted, 1,175m2 double-storey commercial industrial investment at 112 Shepstone Road, Pinetown, on a 2,251m2 site. The property is let to three tenants for a combined R118,828.35 per month excluding VAT. After rates of R15,427.09 per month, net income is R103,401.26 per month.

Shepstone Road is a busy route with great street exposure for the tenants. The lower level is accessed through a roller shutter door and has an open workshop with an office and ablutions, at a height of about 4m. The ground floor is an open space currently used as retail, with a kitchen and ablutions. Each unit has its own serviced entrance and yard area.

1,175m2 GLA: 493m2 lower ground, 476m2 ground, 100m2 concrete mezzanine and 106m2 steel and timber mezzanine

2,251m2 site with 1,350m2 of yard space

4.6m to eaves, 7.1m apex height

Three tenants: R118,828.35 per month excl. VAT

Net income R103,401.26 per month after rates

Separate serviced entrance and yard for each unit

112 Shepstone Road, Pinetown