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R 49 000 000

Industrial Property for Sale in Stormill

115 New Canada Road,, Stormill, Roodepoort

9 559 m²

Contact Broker

Paul Dally

Show Contact Number

Investment Property

Investment Property For Sale, situated at 115 New Canada Road, Putcoton, with visual exposure onto Main Reef Road. The property comprises of a stand measuring 50 007m2 and triple storey offices, workshops, ablutions, canteen, locker room, storeroom and canopy for diesel depot with 2 pumps, measuring 9559m2. The property further offers paved and gravel yard, suitable for parking vehicles and storage. There are 2 boreholes on the premises.

The current tenant has been in occupation for approximately 30 years and is leasing the property on a triple net lease, paying a gross rental, the rates, water, electricity, sewerage, refuse, property maintenance and security. The property owner pays the building insurance.

At an asking price of R49 000 000, plus vat, the yield is 13.60%

Listing number: P24-114437192, Image number: 1

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Property Overview

Listing Number

114437192

Type of Property

Industrial Property

Street Address

115 New Canada Road,, Stormill

Listing Date

22 May 2024

Erf Size

50 007 m²

Floor Size

9559 m²

Furnished

Optional

Facilities

Truck Access

Superlink

Building

Multi Tenanted

Power Availability

Three Phase

Other Features

Generator

Points of Interest

Bond Calculator

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