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R11,950,000

House for sale in New Germany

4 Baths
1,175m²
Ideal Investment Opportunity. Call Asap To View.

This building is tenanted long term by 2 well known strong tenants. Lower ground floor is a 493m warehouse occupied by Isidingo security. Main ground floor is 476m occupied by All Parts who have been there for 7+ years. 2 Mezzanines making up 206m & a yard for the top unit of 1350m currently tenanted by a scrap metal dealer. R127495 is the current rental income ex vat with an average 9% annual increase. The full extent is 2251m, GLA 1175m, rates R14423.47. R11.95 million ex vat. For viewing and more info, call me to discuss.

Property Type
House
Bathrooms
4
Building Size
1,175m²
Reference
PC1425391
Property history
Listed for sale at R11,950,000
26 Aug 2025
Get to know Pinetown
Named after the governor of Natal, Sir Benjamin Pine, forms part of the larger eThekwini municipality. The actual Pinetown area extends from Cowies Hill in the east through to Manors in the west. Pinetown’s Old Main Road (Road (now Josiah Gumede) is jam-packed with car dealership companies, resulting in its affectionate nickname of “motor town”.
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