How long has the business been established?
Business was established in 2007, was active as a general trading company and in 2018 the property was purchased and the main income for the company was rental.
How long has the owner had the business?
Since Establishment 2007
Fully describe this property and its income earning activities.
5 Work shops with office and reception space ( 120sqm )
3 Work shops with kitchen ( 390sqm )
1 Work shop with flatlet and neat office space ( 480 sqm )
12 Self Storage Units ( 18sqm ) each
The property is well maintained which makes endless opportunity great. Lots of space for trucks if needed and ample parking and covered parking.
The property has backup water, cameras and solar power to the main offices.
Easy access to all main roads .
Two properties measuring 3447 sqm & 3387 sqm.
Shooting range - 150m
JOJO Filtered water
4 Garages
6 Carports
What is the zoning of the property and what can be developed thereon?
Industrial
Are there building plans available?
Yes
What is the erf size and the size of the buildings?
Portion 1 Erf 3447sqm
Portion 2 Erf 3387sqm
Building Size;
Is a property valuation available?
Yes
How does the business operate on a daily basis?
The buildings are easily run with little overheads and the owner handles all administration.
How are the clients attracted to the business?
Good central location and close to all main roads.
What Advertising/Marketing is carried out?
Little to none
Is the property being let by a letting agency?
No, Letting done direct with owner.
Is a copy of all the lease agreements on the property available?
Yes
Is the business VAT Registered?
Yes
Are there up-to-date Management Accounts available?
Yes
How could the profitability of the business be improved?
Build more mini factories which are in high demand
How could the income of the property be increased?
Build more Mini factories which are in demand
What is the monthly rates and taxes payable to local authority?
R 3800 +-
Do you require a licence?
No
What are the main assets of the business?
Buildings and property
Strengths?
Strategic Location, close proximity to main roads and logistic networks
Weaknesses?
Tenant risk of default or vacancy.
Opportunities?
This Industrial property presents a compelling investment opportunity, offering a strategic location, high demand and potential for long-term appreciation. We believe that this investment has the potential to generate strong returns and provide a stable income stream.
Threats?
None identified
What is the reason for the sale?
Owner has other business interests.
Why is this a good business?
Exceptional Industrial Property Investment Opportunity
Why is this property a good investment?
The location offers a unique blend of accessibility, space, and potential for growth. This property is perfectly positioned to capitalize on the growing demand for industrial space in the area.
Annual Turnover Amount between R 500 thousand and R 6 million