Fully Let Industrial And Commercial Building For Sale
Auction starts: January 25, 2023 09:00
Auction ends: January 26, 2023 14:30
Opening bid: R6,500,000
Bidding opens at R6,500,000
ONLINE AUCTION Bidding Start Time: Wednesday 25 January 2023 @ 09:00. Bidding End Time: Thursday 26 January 2023 @ 14:30. Registration is essential by Monday 23 January 2023. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent.
Secure and well-positioned, this 4-storey building carrying a 14% yield is on the market, perfect for investors or redevelopers.
The building has a solid foundation consisting of 4 floors each with dedicated 3-phase power and 4m to the eaves.
There is a goods lift landing on each floor leading directly into the units with a large basement and a decent amount of tenant parking.
The building is fully let with leases in place carrying a current yield of 14%.
• Mixed use • Three phase power • Secure • Well-positioned • Potential to redevelop • Can Zero Rate VAT (T&C apply)