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R 8 695 000

Commercial Property for Sale in Amalinda North

912 Settlers Way, Siyakha, East London, Amalinda North, East London

4 047 m²

Contact Broker

Natascha Pieters

Show Contact Number

Investment Property

Investment Property Opportunity now available in the market in East London

Property compromises of ±121 Self Storage Units with a 98% occupation rate.

• Erf Size ±4047 SQM

• Storage Units generates and investment income of ±R1100 (Vat Inc) per unit with a

yearly escalation of ±6% (Escalation in Feb each year)

• Currently 120 units are rented out with 1 unit available/ vacant

• Each storage unit is ±18Sqm

• Current Rental Total Income per month is ±R137,954.00

• Salaries for 4 Employees is around ±R24,954.00 per month

• Monthly Surplus is around ±R93,378 per month (refer to page 6 for calculation)

Well, located on Settlers Way on the R27. A mere ±6.8km from the East London Harbor and

±7.2 Km from East London city center and only ±2km from the King Phalo Airport in East

London.

Ideal Investment Opportunity

Property Overview

Listing Number

114713396

Type of Property

Commercial Property

Street Address

912 Settlers Way, Siyakha, East London, Amalinda North

Listing Date

25 July 2024

Erf Size

4 047 m²

Floor Size

4047 m²

Rates and Taxes

R 14 566

Other Features

Wheelchair Accessible

Yes

Points of Interest

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