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Self Storage Huge Opportunity In Mossel Bay For Sale

Mossel Bay, Western Cape, South Africa
Asking Price:
R2,500,000
Sales Revenue:
R1,600,000
Cash Flow:
R1,278,000

A rare and profitable opportunity exist for the development of Self-Storage units in Mossel Bay.
A 7000sqm stand, which is already zoned, is perfectly suited for developing 160 Self-Storage units.
The land is level and already serviced with electricity, water and sewage.
Option 1:
Develop and retain the units as an investment, which projects a 10% nett yield at first year.
R106,000 NETT income per month or R1.278m per year.

Option 2:
Sell "Investment-pockets" off to investors in sectional title packs of 10 -15 units.
R2.5m NETT capital profit on sales of Investment Packs.

Price of stand: R2.5m+vat

Property Information

Real Estate:

Real Property Included

Location:

Mossel Bay

Premises Details:

7000sqm zoned land

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