Price: Property 1 = R 1, 950,000 ex Vat Price: Property 2 = R 900,000 ex Vat Total = R2, 800,000
Background: This Property is currently being used by the owner to run his trucking business. He lives in the house on the adjoining stand and uses the 2 x warehouses for offices and storage. The owner wants to sell so they can expand.
Location: Situated in the Brakpan Central near the Railway Station.
GLA: House – 100m² Yard – 150m² Warehouse - 170m², Land Size: 495m² Zoned: Industrial
Layout: Access to the 2 x Properties is from the Main road. There is a loading and offloading entrance for both warehouses in the street at the back. The Warehouse has a sliding gate. To the right is an entrance to the offices, and in the front of the property in the road is visitor’s parking. Beyond the Sliding gate is: Main Warehouse which has: 60 Amps – (100available) 1 x 5 Ton Overhead Crane 1 x 3 Ton Overhead Crane +6m high roll up door in the front and the same at the back. A Compressor Offices Downstairs and upstairs. A 12m Container on a raised platform.
The House has: Entrance, Enclosed veranda 2 Bedrooms, Bathroom Lounge, Dining Room, Kitchen Behind the house is: Warehouse 80 amps 4m high roll up door on the side entrance and the same at the back.
Registration: This property is registered in the owner’s name.
Strengths? – Well located building, nicely situated in the Industrial area of Brakpan Central. Weaknesses? – This property does not have a lot of personal parking. Opportunities? – This Property will benefit someone who wants to live next door and have his warehouse/factory next door. Threats? – None.
Conclusion as to why this is a good property to purchase: As this Property has been family own and run for many years and now they need to expand. The Warehouse is rather new. The added benefit would be for owners who like having their business right by their side.
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