Fully let investment property for sale! 4 tenants occupy the property as it is divided into 4 separate sections. The property has ample customer parking in front facing the very busy Terrace rd on a corner. These units are very popular and rent out easily.
Total under roof area: 3,082m²
ERF: 4,625m²
TENANT 1:
Lease period - 3 years
Lease commencement : 01-Sept-22
Escalation: 9%
Rental: R30,500 / month
TENANT 2:
Lease period - 3 years
Lease commencement : 01-July-21
Escalation: 5%
Rental: R23,000 / month
TENANT 3:
Lease period - 2 years
Lease commencement : 01-Oct-21
Escalation: 8%
Rental: R23,700 / month
TENANT 4:
Lease period - 2 years
Lease commencement : 01-Sept-22
Escalation: 9%
Rental: R24,000 / month
Rates: R13,260-00 / month
Insurance: R3,024-00 / month
Contact APG today to secure your next COMMERCIAL or INDUSTRIAL space. Industrial and Commercial Property Specialists!
+27 (0)82 880 5532
+27 (0)11 974 1055
raymond@assetpg.co.za
raymond@assetpg.co.za
View all agent properties