Industrial investment opportunity in Vredenburg
Web Ref.
CL6080
Land size
6793.00 m²
Floor size
4188.00 m²
Located in the town of Vredenburg, this investment opportunity offers the chance to acquire the entire industrial park, which spans over 6793m².
All 15 units are currently occupied, with the town`s gym serving as the anchor tenant. Recent minor renovations, such as painting, have been carried out.
Vredenburg is a vibrant town on the West Coast, boasting the popular West Coast Mall as a major attraction. With a significant influx of semi-graters, this opportunity should be seized promptly.
Gross income per annum - R2 280 000
Expenses per annum - R744 000 (32% of income)
Nett income per annum - R1 536 000
First year yield - 9.5%
Vacancy factor - 3.0%
Tenants - 15 out of 16 units
Rent income ratio - 3.46% - 14.61% (stats average 6.3%)
This information makes an offer possible at a fair market price, as the seller is ready for his next project.
For further details and financial information, please don`t hesitate to contact us.
All 15 units are currently occupied, with the town`s gym serving as the anchor tenant. Recent minor renovations, such as painting, have been carried out.
Vredenburg is a vibrant town on the West Coast, boasting the popular West Coast Mall as a major attraction. With a significant influx of semi-graters, this opportunity should be seized promptly.
Gross income per annum - R2 280 000
Expenses per annum - R744 000 (32% of income)
Nett income per annum - R1 536 000
First year yield - 9.5%
Vacancy factor - 3.0%
Tenants - 15 out of 16 units
Rent income ratio - 3.46% - 14.61% (stats average 6.3%)
This information makes an offer possible at a fair market price, as the seller is ready for his next project.
For further details and financial information, please don`t hesitate to contact us.
Monthly Rates
R10,637
Features
Zoning
Sizes
Listing Info
Vredenburg, Vredenburg
- Street map
- Street view
- Amenities
- Schools
Filling Station
0.16 km - Engen Kaap Agri Expressmark
0.34 km - Weskus Motors
0.38 km - BP Hugo and Hugo
Hospital/Clinic
0.48 km - Eljada Restoration Centre & Mission
0.50 km - Dr M Storm
0.50 km - Yoav Van Der Heyden
Police Station
0.78 km - South African Police Service Vredenburg Police Station
Shopping Centre
0.21 km - Convenience Centre
0.54 km - Sanlam Shopping Centre
0.60 km - Weskus Convenience Centre - East
0.25 km - School
0.27 km - West Coast Tvet College
0.29 km - West Coast College
0.32 km - Vredenburg Academy
0.54 km - Elim Kleuterskool
0.63 km - Damelin - Vredenburg
0.79 km - Vredenburg High School
0.79 km - Panorama Primary School Vredenburg
0.81 km - Pikkewouters
0.91 km - Weston Secondary School
1.03 km - Little Rainbow Kids Educare
1.08 km - Louwville High School
1.31 km - Eden Primary School
1.71 km - Vredenburg Laer
Average sold property price in Vredenburg
Freehold
Sectional Scheme
Vacant Land
Freehold
R1,260,287
33.3%
Average price
83
33.3%
Transfers
Sectional Title
R725,000
100.0%
Average price
1
100.0%
Transfers
Estate
R1,706,548
50.0%
Average price
10
50.0%
Transfers
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Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
