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R1,582,000

Monthly Levy
R1,687.5 Excl. VAT

135m2 Warehouse in Brand New Cornubia Industrial Development

Campbell Property Group is pleased to list this brand new industrial warehouse development within Cornubia. This mini-factory warehouse of 135m2 is for sale at R1,582,000 (ex.vat).

Ground floor: 90m2
1st Floor: 39m2
Balcony: 6m2
Total: 135m2

Max office space: 41m2.

Levy at R12,50m2 is R1,675-50.

2 Parking bays & 1 loading bay.

The industrial park offers investors and end-users a unique opportunity to purchase 51 industrial warehouse units with sizes ranging from 63m2 within Tongaat Hulett Developments' prestigious Cornubia precinct. While this industrial park responds to the demand for smaller micro industrial space, it also delivers availability for larger units in Phase 2. Furthermore, there is flexibility to combine units to suit individual space requirements. This range of sizing allows buyers to invest in the something tailored to their needs.

The warehouses exterior has been designed using elements of exposed steel, concrete and facebrick to exude the old-world industrial charm in a contemporary architectural form. Purchasers are given the option of selecting internal upgrade packages to further custom their unit.

This development will be launched in 2 Phases. The completion date for Phase 1 is currently anticipated between September 2019 and November 2019.

Phase 2 may be accelerated and built concurrently with Phase 1 or at a later date to be advised.

Units are selling from R 767,000 excluding VAT in Phase 1.

We estimated return on investment calculated on two of the units which indicate a projected ungeared yield of approximately 9% in the first year and 10% as an average over five years.

This brand new industrial Park is located 6km from the new Cornubia Mall and Mt Edgecombe, with Gateway just 8 km's. The new road infrastructure including the N2 / Cornubia link bridge and interchange will further enhance the location's connectively.

Key selling attributes of this development:
Innovative design & variety of size.
Experienced Development Team & delivery track record.
Upgrades & additional parking bays available.
Low price entry.

The optional extra upgrades (for account of the Purchaser):
HVAC, ducted and under ceiling.
Floor grinding and polishing.
Electrical fitting upgrade.
Conversion of the roller shutter to an aluminium shopfront.
Additional parking bays available at R50,000/bay plus VAT.
Feature facebrick wall to internal demising wall.
Burglar bars (transparent Perspex type).
Stainless steel staircase.

Sizes: 63m2 to 194m2.

To view any of the 51 warehouses available for sale of various sizes, please contact Liz Savage & Lindsay Bulmer of Campbell Property Group in Umhlanga.


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cornubia mini warehouses for sale

Features

0
2
Title:
Sectional
Zoning:
Industrial
Interior
Air Conditioning
Yes
Power 3 Phase
Yes
Exterior
Security
Yes
Sizes
Floor Size
135m²
Parking Bays
Open Parking Bays
2
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Campbell Property Group website is accurate and up to date, Campbell Property Group 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.

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Transfer Fees
Deeds Office Levy
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Electronic Document Preparation
Vat @ 15%
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Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
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MONTHLY REPAYMENTS

 

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Monthly Payment

20,906.25

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