An excellent opportunity to acquire a fully tenanted industrial and commercial property in a prominent position along Shepstone Road, Pinetown.
With three established tenants, long-term leases and consistent rental income, this property offers an attractive investment opportunity for buyers seeking a reliable income-generating asset.
Situated at 112 Shepstone Road, Pinetown, the property occupies a 2,251m2 site and offers approximately 1,175m2 of gross lettable area (GLA), complemented by a generous 1,350m2 yard.
The building comprises a 493m2 lower-ground level, a 476m2 ground floor, a 100m2 concrete mezzanine and a 106m2 steel-and-timber mezzanine.
The property is currently leased to three tenants under long-term rental agreements, generating a combined monthly rental income of R118,828.35 excluding VAT. After deducting monthly municipal rates of R15,427.09, the property delivers a net monthly income of R103,401.26, making it an appealing option for investors looking for established cash flow.
The property benefits from its location on busy Shepstone Road, providing excellent street visibility and exposure for its occupants. The lower-ground level is accessed via a roller shutter door and features an open-plan workshop, office space and ablution facilities, with an approximate working height of 4 meters. The ground floor offers an open-plan area currently utilised for retail purposes, together with a kitchen and ablution facilities.
For added convenience and functionality, each unit has its own serviced entrance and dedicated yard area, allowing the tenants to operate independently.
Property Highlights
This property presents an opportunity to secure a well-positioned industrial investment in the established Pinetown commercial and industrial node, with existing tenants and rental income in place from day one.
