Current rental income R95 000.00 pm.This property is situated in the main industrial area of Empangeni, with close access to the main road. Property consists of four individual buildings with a total floor area of 4941m2. It also have a storage yard of 1855m2. There is a fully operating action bar in place, 26 boat storage lockers, and various workshops.
Property is securely fenced. It has several tenants with lease contracts in place providing a substantial monthly rental income. The sale will be subjected to certain special conditions inter alia that it is sold as is, voetstoots.
The property can be sold as a going concern and income producing unit at a zero VAT rating if the purchaser is a VAT vendor. However if VAT is payable for any reason it will be for the account of the purchaser. The purchase price will be accordingly excluding VAT.
The seller is open to offers, however the highest will be accepted. The price of R9 900 000.00 is a guided price and NOT a fixed selling price.
PLEASE NOTE: It is a sale from a deceased estate and will be subjected to the approval of the Master of the High Court, as well as the heirs` consent which may effect the timeline of the transfer. The process might be delayed by the Master in Durban and can take anything from 4 weeks to 4 months.
