Commercial for sale
Tap into Vredenburg’s vibrant West Coast town centre near West Coast Mall — entire income-producing industrial park with 15 occupied units, anchor gym tenant, recent paint upgrades, 9.5% yield.
Located in the town of Vredenburg, this investment opportunity offers the chance to acquire the entire industrial park, which spans over 6793m2.
All 15 units are currently occupied, with the town`s gym serving as the anchor tenant. Recent minor renovations, such as painting, have been carried out.
Vredenburg is a vibrant town on the West Coast, boasting the popular West Coast Mall as a major attraction. With a significant influx of semi-graters, this opportunity should be seized promptly.
Gross income per annum - R2 280 000
Expenses per annum - R744 000 (32% of income)
Nett income per annum - R1 536 000
First year yield - 9.5%
Vacancy factor - 3.0%
Tenants - 15 out of 16 units
Rent income ratio - 3.46% - 14.61% (stats average 6.3%)
This information makes an offer possible at a fair market price, as the seller is ready for his next project.
For further details and financial information, please don`t hesitate to contact us.
Vredenburg Central serves as the bustling commercial and administrative heart of the West Coast, offering residents convenient access to essential services and a central location near the region's beautiful coastal towns.
