R 39 000 000 | business property to rent in alrode

Property Summary: Erf Size: 21 300m2 GLA: 13 300m2 Tenancy: United Industrial Cables GLA:6000m2 @ R34.02 per m2 Monthly Rental:R204 120 per month escalation 8% Lease Expiry:Dec 2020 but will sign a new 5yr lease should it be required Stahl Cranes GLA:2980m2 @ R33.70 per m2 Monthly Rental:R100 485 per month escalation 8% Lease Expiry:July 2022 Frank Five Properties (Seller) GLA:4320m2 @ R28 per m2 Monthly Rental:R120 960 per month escalation at 8% Lease Expiry:October 2021 Income Summary: United Industrial Cables:R2 449 440 Stahl Cranes:R1 205 820 Frank Five Properties:R1 451 520 Total Annual Income:R5 106 780 Expenses: Rates:R552 000 Maintenance:R120 000 Various:R150 000 Total Annual Costs:R822 000 Nett Annual Income:R4 284 780 @ 11% Yield:R39 000 000 excl Vat Rate per m2 GLA:R2 932 per m2 Power:1MvA Layout:Generic Rectangle with Excellent Access and Reticulation Roof Height:Approximately 7m to eaves