Industrial for Sale in Silvertondale- investment stock
Property Description This is a sectional title industrial unit located in Silvertondale, Pretoria, operating as an auto body repair facility. It includes a ground-level workshop, office, reception area, kitchen, walk-in safe, and staff facilities. The second floor consists of an additional workshop space of approximately 260 m². The building is in fair condition with minor renovations required, including a ceiling height adjustment on the ground floor and improvements to parking space.
Valuation Methodology This valuation employs both the Direct Sales Comparison and Income Capitalization methods.
Direct Sales Comparison: Analyzes recent transactions of comparable industrial properties in the vicinity. Adjustments account for size, location, and features.
Income Capitalization Method: Evaluates rental income potential for similar properties in the area, with estimated monthly expenses of R10,000 and market rentals approximated at R48/m². Capitalization rates for industrial buildings in Pretoria range from 10.2% to 10.8%.
Market Analysis & Valuation Conclusion Based on comparable sales and the calculated rental income, the property’s fair market value as of 1 July 2022 is assessed between R2,000,000 and R2,200,000, concluding at R2,100,000. This valuation reflects current market trends, required renovations, and property limitations.
Forced Sale Value: It is noted that an auction scenario may yield a lower value due to market conditions and sale urgency.
Pretoria, (now known as Tshwane), South Africa’s executive and National capital is also commonly referred to as the “Jacaranda City” as a result of the thousands of Jacaranda trees lining its streets.
The Greater Pretoria region of Gauteng includes the towns of Centurion, Cullinan, Bronkhorstspruit, Pretoria,Bapsfontein and all their surrounding areas. All of these towns (each of which...
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
