AUCT-001957 | On Auction

Storage Facility just off North Coast Road

Until Our Next Auction
22 June 2023 | 11:00:00 am

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    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

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    Luke Hearn
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    Luke Hearn

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