1 Bedroom House For Sale in George

Property description

Dual Mandate

Industrial Property for Sale in George - Prime Location

This expansive industrial property, located in George’s prime industrial area, offers an erf size of 2,067 sqm and two spacious buildings, making it a versatile investment opportunity.

Building 1: 513 sqm, located closer to the road, divided into 3 sections. The first section measures 60 sqm. The building operates on approximately 80 amps, providing robust power for industrial use.
Building 2: 560 sqm, with electricity usage between 60 and 80 amps, offering a large and functional space for business operations.

Key Features:
Upper Building: Includes 3 fully refrigerated cold storage rooms totaling 160 sqm, built with durable steel and brick construction.
Lower Building: Contains a 12 sqm cold storage room and is divided into 3 sections, ideal for multiple business operations.

Open Space: Between the two buildings is an open area of 600 sqm, featuring 3 garages, each with its own prepaid meter, as well as 2 living units, each measuring 32 sqm.

Additional Benefits:
Prepaid Electricity Meters: The property is equipped with 4 prepaid meters. The lower building has 2 meters, allowing it to be split into two separate business spaces, as is currently the case. The open area and garages have their own prepaid meter.

Rental Income: The lower building generates approximately R30,000 per month (VAT excluded) in rental income. The total income from the property is around R70,000 per month, making this an excellent investment for steady returns.

This property offers a perfect combination of space, flexibility, and income potential. Contact us today to arrange a viewing!