Property description

This is an industrial warehouse, located in Ladine a prime light industrial node.

The property has a building footprint of 998 m² with a stand size of 2340 m².

The property is fully equipped for vehicle repairs and it has an upholstery segment.

The property is close to the high traffic Nelson Mandela Drive providing great exposure and marketing opportunities.

The seller can occupy the property for a month providing a short-term income stream.

The main building is a double volume warehouse with removable mezzanine floors on opposite sides, it has an IBR roof constructed on brick construction, with two extractor fans and two ceiling fans in the building. The building has concrete floors, with a toilet and a kitchenette inside. There is a door entrance from the office and there is also a rolling garage door to allow vehicles to enter the space. There are fitted workbenches allowing enough room to work. Behind the warehouse is an ablution area with an IBR roof on a brick construction.

Connected to the main warehouse is an open office with floor tiles and ceiling boards, the office has air-conditioning, access to the security system including the surveillance camera displays. The office entrance has double wooden doors protected by a double door security gate.

There is an outbuilding front opposite the main warehouse housing 3 warehouses with concrete floors and workbenches in each warehouse. The outbuilding also offers a showroom with tiled floors and a mezzanine storage floor. The entrances to the 3 warehouses and showroom are rolling garage doors with one wooden door providing access to the showroom.

There is an outbuilding strip behind the main building which has 7 storage facilities with rolling garage doors, the facilities have concrete floors, with IBR roof, and brick construction. The storage facilities can be rented out for R 1000 to R 1 500 each.

The premises is solar-powered which leads to reduced operating costs.

There is an additional option to acquire the present operating business upon sale, the acquisition is the business and equipment valued at R 4 380 000 as a unit. The business currently generates revenue of R 250 000 pm, with operating expenses of R 75 000 pm and a net profit of R 175 000 pm. Which results in a potential return on investment of 19% on the total value of R 10 940 000.

Book an appointment to get a better look and feel for this property which has so much to offer for the price and its location. Appointments will only be able to be made once pre-qualification is complete which we can do at no extra cost and or proof of funds is available, as per seller's request.

If for any reason this property does not suit all your criteria, I have plenty more to choose from to meet all your needs. I strive to hunt down the best properties to sell at market-related value. Call me to get the best deal.

K.N.