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Bargain 50% Below Valuation: Industrial / Commercial Complex For Sale

Verulam, KwaZulu - Natal, South Africa
Asking Price:
R9,000,000
Sales Revenue:
R2,300,000
Cash Flow:
R190,000

Owner Emigrating reduced for quick sale.

THIS IS NOT A SCAM

Do not reply unless you have R9 million in Cash to buy the property. plus R900,000 for transfer / legal fees.

Further information will be given to Genuine interested parties at the premises when viewing the property. NO CHANCERS NO TIME WASTERS PLEASE.

I am not interested in supplying my information to Banks etc for you to get a Loan, I am not prepared to give you a loan . So please do not ask.

Very High return on Investment Income after expenses of R140k a month this can be increased by approximately another R40/80K a month as two platforms are available to be rented out as is or factories built on them.

Industrial Complex situated on M27 between Verulam and Umdloti. Valued by 3 Brokers at R17 million in 2019 selling now for R9 million for quick sale.

Industrial Park with Commercial consent consisting of Numerous Buildings FULLY LET with long standing tenants.

Land Size 28000sq meters over 5 Platforms .

Comprising .
Commercial Centre with Liquor Store Tavern and Supermarket .
24 Mini Factories
1 x 550 sq meter Factory Plastic Bag Manufacturers
1 x 350 sq meter Factory. Wooden Door Manufacturers
1x 100sq meter Office. Consultants
1 x 80sq meter Office Attorney
Large Tenanted Platform Industrial Tank Sales
Large Tenanted Platform Scrapyard.
Large Tenanted Platform Hardware and Block yard.
Further space available to increase revenue
800 amp 3 Phase Power supply.
2 Liquor Licences.
Direct Access to M27

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Location:

Off the M27 on the Verulam to Umdloti Road, Easy access to Airport

Premises Details:

Industrial Property with Commercial Consent

Planning Consent:

Light Industrial with Commercial Consent ..

Business Operation

Expansion Potential:

further Concreted platform ready to be leased or built on. and undeveloped Land still available for further expansion
Rentals increase by an average of 9.5% pa

Competition / Market:

Owner has owned the Property since 1998. Now retiring and Emigrating, Tenanted some tenants have been there nearly 20 years

Reasons for selling:

Owner Retiring and Emigrating

Employees:
2
Years established:
1998

Other Information

Related Documents: