Well located Commercial Property
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Listing # GBB112 Location Gauteng Selling Price R 15,000,000 Annual Sales R 1,500,000 SDE R 1,500,000 ROI 10.00% Industry Commercial property
Business Description
A well located large industrial property has come up for sale as the owner (now retiring) sold the business from where the business has been operating for many years. The new owner will not use the property and facilities as it has been incorporated it into his other existing business operations.
The ERF is measuring +- 6,100 sqm in extent.
The buildings are made up as follows:
Office area 264 sqm
Factory area 1,679 sqm
Store area 1,531 sqm
TOTAL 3,474 sqm
Area of improvement footprint = 3,100 sqm
Coverage applicable = 60%
Land required for improvements = 5,167 sqm
Vacant area for improvements = 935 sqm
The buildings are in a good state and the Erf is secured with palisade fencing and a single entrance with a motorised controlled gate.
Gross annual rental income estimated at around R1,500m.
The selling price of this prime commercial property is R15, 000,000 excluding VAT/Transfer duty.
The property is located in Johannesburg south in a quite area with easy access to major roads.