Industrial Property For Sale in Phoenix Industrial Park

Industrial Property in South Africa province Kwazulu Natal, Durban, Phoenix Industrial Park


Ad ID 136222

Property Description

The property comprises 4 industrial units that are currently used as factories, warehousing, and workshops.At the front entrance of the property there is the office component which consists of the reception area,open plan office area, two individual offices with one linking to a retail & storage section, board room,kitchenette and ablutions facilities. Ample visitors parking is available at the front. The 4 units are accessedvia roller shutter doors and each comprises an office, change rooms and ablution facilities. Each unit hasgood height and some of the units have mezzanine levels for additional storage. Ample vehicular parking isavailable along the driveway.The property receives good exposure as it is bound by three busy roads. It is secured with wall and palisadefencing. The property is subject to a security servitude as per the Title Deed.Accommodation DetailsThe gross lettable area is approximately:Office component 126.25 mUnit 1 846.35 mUnit 2 401.00 mUnit 3 410.00 mUnit 4 365.00 m 2 148.60 mLease DetailsThe property is sold fully tenanted. The Gross Annual Income is approximately R1 104 000.00, whichamounts to approximately R92 000.00 per month. The tenants are liable for security expenses which is anadditional amount of approximately R3 000.00 per month and each tenant have their own water andelectricity meters. We are not yet in possession of the signed lease agreements.ExpensesThe assessment rates for the year 2016/2017 amounts to R 184 970.04, which equates to a monthlyfigure of R 15 414.17.Contact Yianni to discuss further

Portfolio Property Investments

Yianni Pavlou

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