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R 3 100 000

Industrial Property for Sale in Sebenza

117 Terrace, Sebenza, Edenvale

700 m²

Contact Broker

Bridget Roos

Show Contact Number

Investment property for sale - fully let

A fully let investment property is currently on the market, boasting a reputable main tenant operating a vehicle repair and enhancement business with a commendably clean operation. The property also includes a small take-away tenant occupying a corner section of the building. Strategically located on the bustling Terrace Road, ample customer parking is available in front of the property. The total under-roof area spans 700m², situated on a 1,190m² erf.

Tenant 1, occupying the larger portion of the property, has a lease period of 3 years starting from March 1, 2023, with a 6% escalation clause. They pay a monthly rental of R22,000. Tenant 2, leasing a smaller section, has been in occupancy since August 1, 2022, also under a 3-year lease with rental adjustments based on CPI. Their monthly rent is R5,100. Additional costs include monthly rates of R7,473 and insurance...

Listing number: P24-112618502, Image number: 1

Listing number: P24-112618502, Image number: 2

Listing number: P24-112618502, Image number: 3

Listing number: P24-112618502, Image number: 4

Listing number: P24-112618502, Image number: 5

Property Overview

Listing Number

112618502

Type of Property

Industrial Property

Street Address

117 Terrace, Sebenza

Listing Date

04 May 2023

Erf Size

1 190 m²

Floor Size

700 m²

Rates and Taxes

R 7 473

Furnished

Optional

Building

Multi Tenanted

Other Features

Generator

Points of Interest

Bond Calculator

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