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R 29 000 000

Commercial Property for Sale in Pinetown Central

Pinetown Central, Pinetown

Contact broker for street address

2 463 m²

Contact Broker

Michael Fisher

Show Contact Number

Immaculate investment for sale Pinetown. R 29 m ex vat.

This is a feature property well known in central Pinetown on the corners of Mason Road and the main street Josiah Gumede.

Immaculately maintained it has long term multi-faceted tenants and facilities.

Front main road facing car showrooms, side facing bottom retail outlets x 2, roller shutter access doors for workshop and ramp access up the side to the 1st floor level (All tenanted with long-term blue-chip tenants.)

Side, ramp and back and street facing access points are all secured and give each tenant privacy and security.

Offices are A grade, air conditioned throughout, secure and recently renovated.

Total footprint of the ERF is 2,313 sm and the total lettable area 2,463 sm.

Current net ROI is at 9% approximately, with all leases still valid and none coming up for renewal yet.

Escalation clauses at 8 % will increase the net ROI accordingly.

There are 6...

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Property Overview

Listing Number

109497308

Type of Property

Commercial Property

Listing Date

11 January 2021

Erf Size

2 313 m²

Floor Size

2463 m²

Floor Number

Facilities

Board Rooms

Kitchens

Height For Racking

4 m

Truck Access

Small Trucks

Roller Shutter Doors

Height of Roller Shutter Doors

5 m

External Features

Outside Areas

Courtyard

Building

Multi Tenanted

Yes

Height Of Roof

5 m

Height Of Eaves

4 m

Other Features

Security

Alarm System

Nearby Public Transport

Bus, Minibus Taxi

Points of Interest

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