INVESTMENT PROPERTY FOR SALE IN NELSPRUIT
Basics
- Category: Industrial, Industrial For Sale
- Area: 821 m²
Description
-
Description:
INVESTMENT PROPERTY FOR SALE
R2 899 000 EXCL. & TRANSFER DUTIES WHERE APPLICABLE
Commercial/industrial investment property situated in Bester Street, Nelspruit, offering a total rentable area of approximately 821m², comprising a front and back section with established rental income.
The front section of approximately 313m² includes:
- 2 Offices
- Reception and waiting area
- Small kitchen
- Toilets
- 6 Industrial roll-up doors
- 2 Vehicle lifts
- Paved area in front
The front section is currently occupied on a monthly contract at R20,000 excl. VAT per month.
The back section of approximately 508m² includes:
- 141m² Lean-to
- 2 Store rooms
- 2 Offices
- Kitchen
- Toilets and ablution facilities
- 1 Industrial roll-up door
The back section is currently occupied with a lease running from 1 February 2026 to 31 January 2027, at R20,611.40 excl. VAT per month.
Both sections have an 8% escalation, with the front tenant in place since November 2023 and the back tenant since February 2020.
The property is equipped with 3-phase electricity, 50 amps, with prepaid electricity meters. Water is separately metered, and tenants are responsible for their applicable consumption and service-related charges.
The property currently has an electrical Certificate of Compliance.
An excellent opportunity for an investor looking for an income-producing commercial/industrial property with two separate rental areas and existing tenants.
Sale Price: R2 899 0000.
Contact PDL Property Management for further information or to arrange a viewing.
Show all description