AUCT-001957 | On Auction

Storage Facility just off North Coast Road

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Until Our Next Auction

2023-06-22 11:00:00
Storage Facility just off North Coast Road

Storage Facility just off North Coast Road. Section 10 SS One Randworth, Randworth Close, Red Hill

Extent: ± 2 013 m² | 45 Storage units, parking and offices | Easily accessible | Mint condition building | Located just off North Coast Road | Gross Annual Income: ± R1.73 Million | Additional bulk

Red Hill, KwaZulu-Natal


This ideal investment option in Glen Anil is a mint condition building comprising storage space, parking areas, and offices. With an extent of 2013m2, this property boasts 45 storage units with low vacancies and a solid income stream. The property also has an double storey office which is fully let.

Located just off North Coast Road, the property is easily accessible, making it the perfect spot for storage units. The area is well-known for its ease of accessibility and excellent transport infrastructure.

The building is in excellent condition and has been well-maintained over the years. It's perfect for those looking for a low-maintenance investment property. The storage units are constructed with durable materials to ensure longevity, and the building has been designed to make the most of the space available.

The storage units & offices bring in a Gross Annual Income of R1.67m and boast a high occupancy rate. The property also has ample parking space.
Commercial Type:
Storage Space
Web Reference:
AUCT-001957
List price:
POA
Address:
Section 10 SS One Randworth, Randworth Close, Red Hill, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe Country Club Estate
Mount Edgecombe
KwaZulu Natal
Auction Date:
22 June 2023 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Related Documents

Property Agent
Luke Hearn
                                        In2assets Representative

Luke Hearn

Show number

lukeh@in2assets.com

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