Howick Storage Park For Sale
R7,000,000.00
Howick, Midlands, Kwazulu Natal
Property Information
| CODE : | PP6518 |
| Asking Price : | R7,000,000.00 |
| Ownership : | S/Title |
Description
A popular, well utilised storage park in the Merrivale/Howick area is newly on the market. Currently the 66 units on site are 99 % occupied given the site's good location just off Main Road, Merrivale and its proximity to the closely situated retirement villages in the area. Approved plans are in place for an additional 42 units. This storage park has 24 hour security, linked to armed response situated 100m away and perimeter beams. Size of storage units are 18 m2 and 21 m2 with heights of 4m and 5m. The total extent of the site for sale is 15 085 m2 which includes 9 000 m2 vacant land adjacent to the storage park, situated on Main Road with high passing traffic linking Howick to Merrivale and the N3 freeway. With zoning including Light Industrial, Commercial and Retail, the vacant land is well positioned for various options of business prospects.
Herewith approximate Yellodot figures
Avg Monthly Income +-R68 000
The expenses per month are;
Rates R5 259.50
Electricity R3100
R and M R500
Insurance R600
Security R2500
Management R7258.83
Water: R500
TOTAL R19 718,33
Asking Price R7 000 000
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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.
