Industrial Property for Sale in Cullinan

This property comprises a manufacturing plant,inclusive of modern offices,production workshop warehousing and ancillary accommodation. The property is situated in the close proximity of the Donkerhoek interchange with the N 4 in the East of Pretoria on the old Bronkhorstspruit/ Pretoria Road..The improvements on the property comprises of six buildings with a Gross Le-table area of 6025 square meters situated on an Erf in the extent of 2,98 hectares with ample covered and open parking.The yard can accommodate heavy vehicles with ample turning space. Services include a borehole, septic tank and Eskom electricity. The property has been let to the present tenant since 2005 who operates a manufacturing business on the property. The Seller will procure a head lease from this tenant for a further period of five years at a net rental income of R 180,000 per month ,which equates to an 11.5% return on the investment of the purchase price. The replacement value of the property has been valued at R39,800,000. ERF Size 298.000 ha Building Size 6333m²