SIX MINI FACTORIES Strand
Property Detail
Property Description
My client has six mini factories in a complex in the Strand, which are all fully let with contracts in place. Tenants are responsible for their own electricity and municipal services.
Each factory is is 120 m² in size, with an additional 30 m² mezzanine floor. The complex has ample parking, is secure and uses 3-phase electricity. There is easy access to Stellenbosch and the N2.
The selling price is R3.5 million excluding VAT, which will give the purchaser a yield of 10.5% p.a. from day one of transfer. Add to this an annual escalation of 7.5% and you have an excellent investment opportunity.
