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R 8 500 000

Industrial Property for Sale in Riverside Park

25 Rapid Street, Riverside Park, Nelspruit

1 000 m²

NO TRANSFER DUTY

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Investment Opportunity: Four Industrial units in Riverside

This is a perfect investment opportunity in Riverside Industrial Park Nelspruit. The 1 000 m² sectional title warehouse space is subdivided into 4 separate units of various sizes, ranging from 190 m² to 400 m². All 4 units are occupied by long term tenants, with a current monthly rental income of R 70 000. The three phase electricity supply is pre-paid.

The property has easy access and there is ample parking space available. The owner is selling the 4 units as a package deal and the asking price of R 8.5m Excludes VAT.

Listing number: P24-113713368, Image number: 1

Listing number: P24-113713368, Image number: 2

Listing number: P24-113713368, Image number: 3

Listing number: P24-113713368, Image number: 4

Listing number: P24-113713368, Image number: 5

Listing number: P24-113713368, Image number: 6

Property Overview

Listing Number

113713368

Type of Property

Industrial Property

Street Address

25 Rapid Street, Riverside Park

Description

Warehouse

Listing Date

29 November 2023

Floor Size

1000 m²

No Transfer Duty

Yes

Zoning

General Industrial

Building

Gross Lettable Area

1000 m²

Multi Tenanted

Yes

Facing

Level Road

Power Availability

Three Phase

Points of Interest

Bond Calculator

Monthly Repayment:

Total Once-off Costs:
(Transfer Duty Excluded)

This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.

Min Gross Monthly Income:

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*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.