PROPERTY FOR SALE

Investment Property Opportunity now available in the market in East London

Added: 06 Feb 2024 08:02

Property Description

Property Pack - 912 Settlers Way, Siyakha, East London.pdf

Investment Property Opportunity now available in the market in East London

Property compromises of ±121 Self Storage Units with a 98% occupation rate.

• Erf Size ±4047 SQM
• Storage Units generates and investment income of ±R1100 (Vat Inc) per unit with a yearly escalation of ±6% (Escalation in Feb each year)
• Currently 120 units are rented out with 1 unit available/ vacant
• Each storage unit is ±18Sqm
• Current Rental Total Income per month is ±R137,954.00
• Salaries for 4 Employees is around ±R24,954.00 per month

Well located on Settlers Way on the R27. A mere ±6.8km from the East London Harbor and ±7.2 Km from East London city center and only ±2km from the King Phalo Airport in East London.

Ideal Investment Opportunity

Price on Request

Contact Rudi 082 695 6658

 


Property Details

Area
Siyakha, East London
Property Type
Industrial
Erf Size
±4047SQM
Zoning
Industrial
Carports
121 Storage Units

Location


SIMILAR ITEMS


Price: R 3250000
City: Bethlehem
Contact: Ferdie Jacobs (0833058759)

Investment Property Opportunity in Bethlehem, Free State