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POA

Commercial Property On Auction in Braelyn Industrial

7 Plumbago Street, Braelyn Industrial, East London

1 014 m²

AUCTION

Contact Broker

Marcel van der Holst

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Warehouse and Residential Mixed use Investment Opportunity! up to a 15% net yield

*Excellent opportunity in the heart of East London*

Mixed use development! 14 x apartments PLUS warehouse/workshop

14 x one-bedroom apartments, each with a lovely large bedroom and bathroom and off-street parking.

1 x Warehouse - Utilising 683sqm yard with 350sqm under roof. Includes its own entrance and separated by a wall making this a secure rentable unit with a current tenant in place. It boasts a spacious warehouse, presently leased and utilized as a mechanic's workshop. The workshop thrives due to the area's robust demand for industrial services, guaranteeing consistent rental revenue.

Includes:

Walk in Safe

Entrance hall / office

Kitchens and Laundry

Offstreet Parking Bays

Auction Range - R2 750 000 - R3 200 000

Rental Income - R55 000 per month.

Auction Information:

This property is proudly presented in conjunction with Full Circle...