R 7 400 000

1 432 m² Industrial space in Maitland

1 432 m² 1 432 m²

This property has successfully secured a reliable tenant for a three-year term, with an option for an additional three years. Located on 8th Avenue in Maitland, the unit boasts approximately 710 sqm on the ground level and another 710 sqm on the first floor. It features well-equipped kitchen and restroom facilities throughout.

The space includes roller shutter access, 150 amps of three-phase power, and the flexibility to divide it into two separate rental units, presenting future potential for increased revenue. The sale also includes 14 designated parking spaces, providing an immediate return of around 8.5% after expenses.

Price excludes VAT.

Please contact Melissa to arrange a viewing

Property details

Listing number T4811105
Property type Industrial
Listing date 3 Oct 2024
Land size 1 432 m²
Floor size 1 432 m²
Rates and taxes R 1
Levies R 1