R13,500,000
1,960m2 WAREHOUSE FOR SALE
Warehousing and industrial premises which includes offices.
- Located in the very middle of the new "Rivertown Development Precinct", construction of which, has already begun.
- All three of the streets outside the property will be paved, with trees planted and ambient lighting installed.
Property Information :
- 1048 square meter land size.
- Plot area ratio 8.
- Can develop up to 8000 meter square.
- Currently two floors approximately 1960m2 (980 m2 / floor).
- Foundations and column to support two to four more floors, if required.
- Already +/- 300m2 of 2nd floor concrete slab, currently waterproofed and used as roof above offices - there is already a built stair access to this level.
- This slab cloud be enclosed and roofed to add additional space at a relatively cheap additional cost.
- Further floor slab area of +/- 680 m2 could be cast on the 2nd floor and with walls and a roof added this would give an additional 980m2 @ a really cheap development cost / m2.
- Currently tenanted - tenant can vacate on 3 months written notice.
- Going concern, so could be zero rated for VAT, so no transfer duty of VAT.
- 400 amps power to unit.
- Listing Price is R13 500 000, broken down as follows :
A Ground floor @ R8, 500 / m2 = R8, 330, 000
B First floor @ R5, 275 / m2 = R5, 169, 500
C Total Selling Price @ average of R6, 887.50 / m2 = R13, 499, 500
Features
Title:
Sectional
Building Name:
john milne
Zoning:
Industrial
Exterior
Security
No
Sizes
Floor Size
1,960m²
Land Size
1,048m²
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