*Empangeni Mini Factories Property Overview*
Located in the heart of Empangeni, this versatile property is designed to accommodate a variety of industrial needs. Currently divided into five mini-factories, the building offers flexibility for further division if required. The premises are fully fenced, enhancing security, and feature a driveway gate for easy access. Ample parking is available for all units within the fenced area, providing convenience for tenants and visitors alike.
Each factory unit is equipped with essential amenities, including private toilets, showers, and kitchenettes. Notably, four out of the five units feature garage door access, while one unit boasts a mezzanine level for additional space. A common toilet and shower facility is also located on the side of the building, available for all tenants.
### Property Specifications
- *Total Under...
*Empangeni Mini Factories Property Overview*
Located in the heart of Empangeni, this versatile property is designed to accommodate a variety of industrial needs. Currently divided into five mini-factories, the building offers flexibility for further division if required. The premises are fully fenced, enhancing security, and feature a driveway gate for easy access. Ample parking is available for all units within the fenced area, providing convenience for tenants and visitors alike.
Each factory unit is equipped with essential amenities, including private toilets, showers, and kitchenettes. Notably, four out of the five units feature garage door access, while one unit boasts a mezzanine level for additional space. A common toilet and shower facility is also located on the side of the building, available for all tenants.
### Property Specifications
- *Total Under Cover Area:* 1048m and sup2;
- *Land Size:* Approximately 2200m and sup2;
### Factory Breakdown:
- *Factory 1:*
- Size: 246m and sup2;
- Rental Income: R12,300
- *Factory 2:*
- Size: 246m and sup2;
- Rental Income: R12,300
- *Factory 3:*
- Size: 155m and sup2;
- Rental Income: R7,750
- *Factory 4:*
- Size: 170m and sup2;
- Rental Income: R8,500
- *Mezzanine Level:* 85m and sup2;
- Mezzanine Rental Income: R2,125
- *Factory 5:*
- Size: 146m and sup2;
- Consists of 6 Offices
- Rental Income: R7,300
### Financial Overview:
- *Total Potential Rental Income:* R50,275
- *With 15% VAT:* R57,816.25
- *Approximate Rates:* R2,275.00
- *Utilities:* Sewerage, water, and refuse removal are charged to tenants in addition to rent.
This property represents an excellent investment opportunity, offering both stable rental income and the possibility for growth in a well-established area.