Industrial Property and Land for sale - Shong
R18,100,000.00
Shongweni, Highway Areas, Kwazulu Natal
Property Information
| CODE : | PP4534 |
| Asking Price : | R18,100,000.00 |
| Ownership : | Freehold |
| Land Size : | 48079m² |
| Building Size : | 3400m² |
Description
Freestanding property
Ideal for a Factory or logistics and warehousing
Large yard allowing for the access and turning circles of super links.
Full Sprinkler System in Large Factory
Yard Surface – Crusher Run
Situated in Shongweni
+-3kms from the N3 highway
+-34 927m2 of serviced, unplatformed land
FACTORY & YARD RENTAL SCHEDULE
TOTAL MONTHLY INCOME R120 100.00
Factory 1 R90100.00.00
Factory 2 R26500.00
Yard R3500.00
TOTAL ANNUAL RENT R1 441 200.00
TOTAL ANNUAL EXPENSES R151 600.00
Annual Rates R139 600.00
Garden Service R12 000.00
NET ANNUAL INCOME R1 289 600.00
CAPITALISATION RATE 12%
VALUE OF FACTORIES AND YARD R10 746 666.70
VACANT LAND
AREA 34927m2
ASSUMING 70% USUABLE (24448M2)
RATE PER SQUARE METRE R300/m2
VACANT LAND VALUE R7 334 670.00
TOTAL PROPERTY VALUE R18 081 336.7
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Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.
