"Selling your business is our business"
"Selling your business is our business"
How long has the business been established?
Since 2004
How long has the owner had the business?
Since 2004
Fully describe this property and its income earning activities.
This is a building with 10 lettable units of varying sizes ranging from 104 Sqm to 346 Sqm. The usage range from offices to manufacturing to storage.
What is the approximate age of the buildings?
Built in 1983 & further building in 1987
What is the zoning of the property and what can be developed thereon?
It is zoned industrial
Are there building plans available?
Yes
What is the erf size and the size of the buildings?
Erf size is 3,538 Sqm
Building size is 1,767 Sqm Including the first-floor area
There are 31 parking bays and 4 loading bays
Is a property valuation available?
Nothing official
How does the business operate on a daily basis?
The building rents out the space and the administration is being done by a managing agent
How are the clients attracted to the business?
It is the responsibility of the managing agent to fill empty spaces, but the owner can also get involved
What Advertising/Marketing is carried out?
Nothing
Does the business have any contract work?
Lease contracts are signed with the tenants
What competition exists?
This is a unique building with many tenants. Most of the buildings in the area is one big space
Is the property being let by a letting agency?
Yes it is
Is a copy of all the lease agreements on the property available?
Yes they are
Is the business VAT Registered?
Yes it is
What VAT documentation is on file?
Can be shared with serious buyers
How could the profitability of the business be improved?
Increase rental
Increase floor space by adding more levels
How could the income of the property be increased?
Keep the building fully let and ensure rent escalations are actioned annually
What is the monthly rates and taxes payable to local authority?
About 18,200 per month excluding VAT and utilities
What is the total staff complement?
There is no onsite staff
When does the current lease end?
The seller owns the building
What are the main assets of the business?
The building is the main asset
Do any require repairing?
Repairs are done as and when it is required
Which assets are on lease/HP and with whom?
Nothing is on lease
Strengths?
Well managed
Property is in demand
Centrally located
Weaknesses?
Wasn't fully rent out in 2024
Opportunities?
Property can be expanded by adding floors
Threats?
Economic pressures
What is the reason for the sale?
Owner devesting in property due to age
Why is this a good business?
Profitable commercial property that is well run.
Why is this property a good investment?
There are very few, if any, similar businesses in the area and it is a unique investment
Annual Turnover Amount between R 500 thousand and R 6 million
