Industrial Crescent (Sectional Title Scheme)
Synopsis
The Property:
This industrial property, situated in Kuilsrivier in the CBD, consists of 16 well maintained and popular sectional title units perfectly suited for a variety of small business. The present tenant portfolio includes; a Painting contractor, an Auto electrician, a Café, Mortgage Broker, a Bakery, two motor vehicle repair shops and a number of others.
Proximity:
Kuilsrivier is situated in Cape Town’s Northern suburbs, adjacent to Bellville and Brackenfell and in close proximity to Stellenbosch and Somerset West, with quick and easy access to the R300, N1 and N2. The demand for medium and small Industrial Property in this growing Town, far exceeds the supply.
Availability:
The development consists of 20 units:
Four units were sold recently;
16 Units are for sale of which two units are vacant and the balance leased out (as at 2007/02/29)
Selling Prize:
R 3800/m² vat excluded
16 units of the following sizes are available:
Total Units |
Size (m²) |
Selling Prize (vat excl) |
Rental Income (vat excl) |
1 |
83 |
R 515 400.00 |
R 2 324.00 |
1 |
106 |
R 402 800.00 |
R 2 968.00 |
2 |
110 |
R 418 000.00 |
R 3 080.00 |
2 |
111 |
R 421 800.00 |
R 3 108.00 |
3 |
130 |
R 494 000.00 |
R 3 640.00 |
6 |
131 |
R 497 800.00 |
R 3 668.00 |
1 |
132 |
R 501 600.00 |
R 3 696.00 |
Additional Information:
- The sectional title register is open
- One section was built in 1993 and the other in 1995
- This industrial park is situated in the centre of town
- Absa has approved 80% bonds at the asking price of R 3800/m²
- All the existing tenants has indicated that they will renew their annual contracts
- Individual water meters will be installed by the Seller
- The Seller will pave the unpaved parking bays
Please contact me for additional information or to arrange for a viewing.
Dirk Benson
Industrial Property Broker
Northern Suburbs
dirkb@diamondproperties.co.za
Phone 021 948-1199
Fax 086 693 8598
Mobile 072 335 5660
Although every effort has been made to ensure the accuracy of the information contained herein,
Diamond Properties will not accept responsibility for any errors
Contact: Dirk Benson on 021 948 1199 or 072 335 5660
E-mail: dirkb@diamondproperties.co.za
