R 8,595,000.00

Property Description

Property Pack - 912 Settlers Way, Siyakha, East London.pdf

Investment Property Opportunity now available in the market in East London

Asking Price R8,595,000 + VAT 

Property compromises of ±121 Self Storage Units with a 98% occupation rate.

• Erf Size ±4047 SQM
• Storage Units generates and investment income of ±R1100 (Vat Inc) per unit with a yearly escalation of ±6% (Escalation in Feb each year)
• Currently 120 units are rented out with 1 unit available/ vacant
• Each storage unit is ±18Sqm
• Current Rental Total Income per month is ±R137,954.00
• Salaries for 4 Employees is around ±R24,954.00 per month

Well located on Settlers Way on the R27. A mere ±6.8km from the East London Harbor and ±7.2 Km from East London city center and only ±2km from the King Phalo Airport in East London.

Ideal Investment Opportunity

Contact Rudi 082 695 6658