1 048 m² Industrial space in Richards Bay Central

The Empangeni Mini factories are situated at 13 Platina Drive, Empangeni. The building is currently divided into 5 mini-factories and could be further divided should the need require, it is a fully fenced with a driveway gate. Also has parking for all the factories within the fenced factory area. All units have their own set of toilets, showers and kitchenettes and 4 of the 5 units have garage door access and 1 unit has a mezzanine level. At the side of the building there is a common toilet and shower that can be used by all tenants over and above their own. The building under cover is 1048 square meters on about 2200 square meters of land. My main reason to sell is that I am downsizing my various businesses as I get closer to retirement and have relocated to JHB.

Factory 1

246 sqmtrs with a rental income of R12 300

Factory 2

246 sqmtrs with a rental income of R12 300

Factory 3

155 sqmtrs - has a rental income of R7 750

Factory 4

170 sqmtrs - has a rental income of R8 500

85sqmtrs - Mezzanine level R2 125

Factory 5

146 sqmtrs - consisting of 6 offices with a rental income of R7 300

If all units were let, there will be rental income of R50 275 x 15% VAT = R57 816.25

The rates varies and is approximately R2 275.00

Sewerage, water and refuse removal is paid by the tenants over and above the rent