EXCLUSIVE MANDATE
Web Ref CL441
R49,000,000
115 New Canada Road,
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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%
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%
Features
Zoning
Industrial
Title
Freehold
Interior
Power (3 Phase)
Yes
Power (Amps)
200
Exterior
Security
No
Sizes
Floor Size
9,559m²
Land Size
50,007m²
STREET MAP
STREET VIEW
