Warehouse Space 84 Pickering Street, Newton Park, Port Elizabeth, Newton Park

Investment Opportunity, Newton Park Warehouse For Sale

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This 195m2 warehouse for sale in Newton Park is an investors ideal opportunity as it is currently tenanted and produces a rental income of R17 991.03 per month. The current tenant is on a long term lease with an annual escalation of 8.5%. The available warehouse unit for sale is in a sectional title business park and features warehousing, office and retail space. The warehouse for sale is street-facing and provides tenants with maximum exposure along the busy Pickering Street making this unit one that is in high demand. Current rates are R2 899.00 with the sectional title service levy at R2 391.34. Sales price R1 695 000.00 plus VAT.

Building Description

Well maintained office and warehousing for rent and for sale in Newton Park which is easily accessible to all commuters, including those who travel by means of public transport. The available warehouse in Newton Park is divided into 4 sectional title units which each having its own entrance, signage and parking areas.