R11,950,000 | 1,171m² Warehouse For Sale in New Germany

Prime double- storey commercial property situated in the heart of New Germany for sale, the bonus is a 1350m2 yard.
The property features areas follows:
- GLA 1175m2
- Yard 1350m2
- Main warehouse - 476m2
- lower ground floor - 493m2, with a roller shutter door -approximately 4m in height
- Height to eaves- 4.6m
- Height of building- 7.1m

- Fully tenanted:
-Ground Floor: Tenant since March 2022, monthly R62,447.53 excl. VAT, escalation 10%, until Feb 2026
- Lower Ground Floor: Tenant since Jan 2025, monthly R27,500.00 excl. VAT, escalation 8%, until Dec 2026
- Yard Area: Tenant since Sept 2019, monthly R37,547.51 excl. VAT, escalation 10%, until Aug 2029
- Monthly income total: R127,495.04 excl. VAT
- Annual income total: Approx. R1,529,940.48 excl. VAT
- Monthly municipal rates: R14,423.47
- Strong tenant retention
- Financial and brochure will be provided on application

For viewing, contact Cheryl