Income-Generating Industrial Gem in the Heart of Pinetown
Solid Investment Opportunity – Warehouse for Sale in Pinetown
If you’re looking for a no-fuss, income-generating industrial property – this one's worth a look. Located in a great spot in Pinetown, this standalone warehouse sits on a 2,030 m² plot and offers everything you'd want in a solid commercial asset.
With a total building extent of 980 m² and a 2030 m² gross lettable area, it includes ±830 m² of factory/warehouse space, 150 m² of office space, a loading bay, and extra storage. There are 3 roller shutter doors (4m high) and a 6m roof height, making it ideal for logistics or light manufacturing. Super link access and a secure access gate make for easy loading and offloading.
There’s also a kitchen, wheelchair-friendly access, and the tenant handles utilities – bonus!
The property is currently leased to a blue chip tenant that has been on the property for a while. They have just renewed their lease for another year. Taking into account the Purchase Price, income and expenses per month, this property is offering a gross yield of around 13.61% – not too shabby for a hands-off, stable return.
Whether you're a seasoned investor or looking for your first industrial property, this is one that ticks the boxes.
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
