Stormill · Industrial For Sale
50007 m² Workshop For Sale in Stormill
- R 49,000,000
- 50007 m²
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%
Property Information & Features
- Property Type
- Workshop
- Listing Type
- For Sale
- Location
- Stormill, Roodepoort
- Price
- R 49,000,000 · Get Pre-Qualified
- Price per m²
- R 980
- Floor Size
- 9559 m²
- Erf Size
- 50007 m²
- Industrial Zoning
- Yes
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