Warehouse Space 112 Shepstone Rd, New Germany, Durban, New Germany

Unlock prime industrial real estate with this robust 1175m² property ideally located at 112 Shepstone Road, New Germany. Positioned on an expansive 2251m² plot, this strategically situated investment is priced attractively at R11.95 million, offering excellent value and reliable returns.

Currently, the property is fully occupied by three stable tenants, presenting investors with steady rental income and strong lease agreements with significant annual escalations:

• Ground Floor: Leased to a strong, reliable tenant since March 2022, with a monthly rental of R62,447.53 (excluding VAT) and an annual escalation of 10%. Lease expiry is set for February 2026.

• Lower Ground Floor: Occupied by a stable tenant from January 2025, generating R27,500.00 per month (excluding VAT), with a favorable annual escalation rate of 8%. Lease expiry is December 2026.

• Yard Area: Securely tenanted since September 2019 with a monthly rental of R37,547.51 (excluding VAT) and annual escalation of 10%, locked into a long-term agreement expiring in August 2029.

Financial Overview:

• Total Monthly Rental Income: R127,495.04 (excluding VAT)

• Total Annual Rental Income: Approximately R1,529,940.48 (excluding VAT)

• Monthly Rates: R14,423.47

Benefitting from excellent road frontage on the bustling Shepstone Road, this industrial property is conveniently located for logistics and transportation operations, offering easy accessibility to major highways and amenities. The facility's generous yard space enhances its suitability for diverse industrial applications, making it particularly appealing to businesses in manufacturing, logistics, or distribution sectors.

Investors will appreciate the property's solid construction and well-maintained infrastructure, minimizing potential future maintenance costs. Its advantageous location in New Germany, a thriving industrial node, ensures consistent demand and potential appreciation over time.

Ideal for savvy investors seeking stable returns, this property provides both immediate rental income and promising future capital growth potential, backed by a vibrant business environment.