8690 m² Workshop For Sale in Lea Glen

INVESTMENT PROPERTY:

- Tenanted with a 3 year lease in place.
- Total Rental income over 3 years is R7 786 743, plus Vat.
- Selling Price is R18 000 000 (Zero Rated Transaction)
- Yield is 11.8%

PROPERTY FEATURES:

- Office space is approximately 15% of the total space
- Workshop space is approximately 85% of the total space
- Truck access from 2 sides of the premises
- Workshop roof height is approximately 6 metres to eaves
- 3 phase electricity of 800amps
- Generator of 500amps
- Number of welding plugs
- There are several on-grade roller doors, situated on 2 sides of the workshop
- 7 x 1 tonne cranes
- 3 x 0.5 tonne cranes
- Spray booths
- Vehicle wash bays
- Chemical storage room
- Parts spares warehouse
- Canteen
- Ample staff ablutions
- Staff turn styles