Industrial Property with Tripple Net Lease Now Available in Richards Bay
We are proud to present the following property available on a tripple net lease at a monthly rental of R70’000.00 ex VAT for a minimum term of three years at an escalation of 9%.
The subject property measuring approximately 12 504 m2; of irregular shape and reasonably level,
developed land.
Features:
The property is improved with several buildings measuring approximately 1 482m2 in total
with details as follows:
Building 1 – Offices – single storey face brick with IBR roof measuring approximately 242m2.
Building 2 – Offices – single storey face brick with IBR roof measuring approximately 359m2.
Building 3 – Store room – single storey face brick with IBR roof measuring approximately 97m2.
Building 4 – Warehouse – single storey face brick with IBR roof measuring approximately 497m2.
Building 5 – Tool-room – measuring approximately 23m2.
Building 6 – Security room – measuring approximately 13m2.
The yard is hardened with interlocking brick paving.
To arrange a viewing or for other options in the area, please contact our agent Duane Giliam.Access to the property is good, is accessible via several different routes within close proximity to the nearby N2 and John Ross highway respectively and is approximately 5km south west of Richards Bay. The erf size of the property measures 12,504m2 and is of irregular shape and reasonably level, developed land. The yard is hardened with interlocking brick paving.
Richards Bay, situated in KwaZulu-Natal on the northeastern coast, stands by the Indian Ocean. Its key strength lies in a deep-water harbour, propelling it into an industrial hub. This city excels in coal exports, petrochemicals, aluminium smelting, and manufacturing, significantly boosting the local and national economy. Its strategic port position amplifies its role in South Africa's trade.
Within Richards...
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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.
