Commercial - Industrial Property For Sale 1020m2 in Margate, KwaZulu-Natal for sale

Stunning property in great area for sale.
Zoning - Light Industrial.
Permitted Uses - Commercial Workshops, Garage, Storage, Wholesale Warehousing, Light Industry.
Uses by Consent - Recreation, Funeral Parlour, Laundrette, Public Office, Vet Clinic, Service Station.
Land Extent - 1787 sq.m(selling at approx R250 psm).
Building - 1025 sqm (selling at approx R1230 psm).
Tenant Leases - Month to Month.
Income - Current R17,000 pm with potential of R25,000 pm (R300,000 pa) at R24.39 psm.
Expenses - Approx R3,550 pm.
Yield - Current 9,6% - Potential 15% pa.
Selling Price - R1 680 000 psm plus VAT.
Finance- Seller willing to provide purchaser with a bond if a deposit of R700 000 is paid.
CONTACT:Rocky Pretorius