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Cluster of Workshops for sale - 10,69% Yield

George Industrial, George

ZAR - 2,250,000

REF - 69185

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Property Description

George Industrial area

Centrally located in George industrial area. Cluster of workshops for sale

Construction, accommodation and condition. Building has a total footprint of 821m² and is constructed in an L shape on the property. It consists of 8 units. The two roads frontage units are 149m² and 85m². Behind this are four mini factories, three of 78m² and one of 68m². All these units have pedestrian and commercial doors leading onto the paved parking area. The units across the rear boundary is 221m² and has pedestrian end vehicular access. Adjacent to this is storage unit of 67m². The driveway, parking and road frontage is all paved, There is a palisade fence with motorised security gates across the front of the property. The bulk of the building is single storey with a small double volume section of approximately 80m² in the northern corner of the ERF. It is constructed of plastered brick to underside of IBR roof sheets.

Rentals & expenses increased @ 8%.
Expenditure: R40 848
Annual nett income: R160 344

Yield: 10,69%
Info as per owner

R2 250 000

ID8058

Agents Details

William Deacon

Agent

William Deacon

Cell

073 648 1749

Email

William@susandeacon.co.za

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Property Details

R = Result

Area

George

Property Type

Industrial

Suburb

George Industrial

Reference

69185

Erf Size

0

Residence sq M

0

Rates & Taxes

0

Levy

0

General Accommodation

Walls
Boundery Walls

Additional Features

Comments

Notes

Property Address :