Email a Friend Share

 ref # 5297405

print

R 16 502 500 (985 223 EUR*)

select a 2nd currency

mortgage calculator

± 11463 m2
R 0.0  / m

Huge Factory warehouse premises for sale in n Croesus Industria

The property is very well situated in Croesus Industria, Johannesburg, fronting onto Jonathan
and Albertina Sisulu (previously Maraisburg) Roads. It backs onto the railway line
and the Longdale Railway Station.

The Roodefurn building is part of the well-defined Croesus Industria and Industria
West Industrial Townships, offering predominantly large factory / warehouse
accommodation. The BIC pen factory has recently been built diagonally across the
road from the property hereby offered for sale. The subject property is surrounded
by residential suburbs including Riverlea, Crosby, Mayfair and Claremont.

The subject property also consists of a large manufacturing area of 8050 m2 with
associated offices and stores. The main factory component is relatively aged but
well maintained – the building is constructed by using a reinforced concrete frame
with brick infill walls under a pitched metal roof. There are also shade-cloth parking
bays situated on the side of the building.

Previously Cecil Nurse, the office furniture manufacturing division of Bidvest,
rented the premises because of the versability and size of the building, low rentals
in comparison with newer buildings in newer industrial areas, proximity to the train
station and access to highly skilled and unskilled labour forces.
Benefits of purchasing:

1) Very affordable accommodation in close proximity to labour forces for an
owner occupier where bond payments can be less or equal to current rental
payments, or;
2) Huge potential to unlock value for an astute property investor.

Single Tenant: Building fully let
NOTE! The rental rate of R19,46/m²
is substantially below market and
upside exists to increase rentals and
unlock capital value.
Existing lease expires 30 Sept 2022.
Asking Price: (possibility to
zero-rate transaction)
Income, Expenses and Yield Gross Income: R1 879 811
Analysis (p.a.) Vacancy Prov: R39 420 (1,74%)
Recoveries: R382 595
Expenses: R542 981
Net Annual Income: R1 680 005
1st Year’s Yield: 12%


Please call us for more information.


Details
Facing: 

Water

Facing: 

Street Front

Nearby Public Transport: 

Bus, Minibus Taxi

Listing Number: 

111270234



Message Agent

See latest COVID-19 updates on government website www.sacoronavirus.co.za.