Retail Space 38 Northumberland Street Bellville, Oakdale

R7 000 020 | 600 m2 @ R11666 per m2

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+-600m2 Prime Retail Warehouse For Sale In Northumberland Street

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Zoning: GI1 (General Industrial 1)
Useage: Retail
Erf Size: 549 m²
Improvements: Total 600 m² GLA

Rental Income For Period 1 January 2020 – 31 DECEMBER 2020
Gross Annual Income: R690 278.00

Expenses Per Annum
Rates/Taxes = R55 089.00
Insurance = R12722.00
Maintenance/Sundries = R12 000 .00
TOTAL R79 811.00

Annual Nett Rental Income R610 467.00

Return Year 1 = 9 %
Lease Expires 31 March 2021 (OPTION TO RENEW)

Contact Anvil Property Smith

Building Description

38 Northumberland Street offer a prime retail warehouse for sale in a popular business node of Bellville. The location is ideally positioned just off the N1 highway at the Durban Rd off-ramp making this a great destination stop to shop at during the week and on Saturday mornings. The building offers excellent signage opportunity and since it is located on the corner it offers excellent visibility . There is ample secure parking in front of the unit. Two spacious entrances that allow for easy delivery access. Secure private yard located at the back. Great height in the warehouse with ample natural light, you will be saving on your monthly operational cost. The tenant will be within close proximity to all major amenities like Tyger Valley shopping centre, Edward Street, Pubs, Restaurants and all other retail stores located in Northumberland Street.

Broker Details

Jordan Dirks, Commercial Property Broker

Jordan Dirks

M: 082 882 2293

O: 087 234 8000

E: jordan@anvilproperty.co.za

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