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DEVELOPED PROPERTY - LIGHT INDUSTRIAL USE - FOR SALE OR RENT (082 583 4851 LP/frb)

 

Business Profile :

 
Main Business Activity: DEVELOPED PROPERTY - LIGHT INDUSTRIAL USE - FOR SALE OR RENT (082 583 4851 LP/frb)
 
FBi Reference Number: Pro1099
   
Industry: Property - Light Industrial/Commercial
   
Description: BRIEF OVERVIEW OF PROPERTY-
• The property was acquired in June 2005 to house a business acquired on the same date.

• Property consits of 226m2 offices on a 2545m2 property, with all the required infrastructure/layout:

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• Depending on the owner/main tenants requirements; the offices can be subdivided into an office suite on the same property, that fulfill lesser requirements.
The offices are completely separate and any principal tenant/buyer shall have complete privacy and security.
• The primary cluster of Spacious offices on the corner of Palm and Naboom Str. are available for any interested party requiring a complete set of offices.
• A detailed sketch that gives the lay out of the offices, situated on a full 2545m2 property, is available to qualified buyers or tenants.

THE BUILDING COMPRISES THE FOLLOWING:
1.Directors Office with adjoining Personal Assistant/Secretary office, with an entrance into the Boardroom next to it.
2.The Board Room accomodates a table and chairs that seat 8-10 people. Private toilet for the director/ board room attendees.
3. Managers Office
4. Main Entrance with a Reception Area with customer waiting area and reception counterand there is adequate space for a table and chairs for the receptionist and a clerk.
5. Four other offices all linked by a passage.
6. A kitchen
7. A male and female toilets.
8. A store Room with shelves for files and a fire proof safe.

IN ADDITION:
• All the offices are air-conditioned, interconnected with a LAN network and also a telephone network. In addition there is also a dedicated plug circuit for a UPS backup possibility for the computers.
• Security for the Offices is provided by Testlek Security Company 24/7.
• On the outside along Palm Ave. there is covered parking that can accommodate 6 vehicles.
• Along Naboom str. there is parking for 6-8 Customer vehicles. This parking area is not covered.
• The 225m2 offices are available for a monthly rental amount of R16 000-00 Excl Vat.
• Water is included but electricity shall be an additional amount per month.

   
 

Location:

 
Province / Country: (RSA) Limpopo
 
City / Town: PHALABORWA
 
Location / Area: Light Industrial Area - nearby to CBD
 
 

Asking Price:

 
Currency: ZAR - South African Rand
 
Asking Price: 3,250,000
   
Inventory 0 (included)
   
Flexibility: The asking price includes all existing fixtures and is at a 10% discount of the Market Value, which is Negotiable and.
• The property is currently rented to an associate business, which is also for sale as a separate transaction.
   

Financial Information

 
Turnover: 16,000 per month
   
Profit: 264,000 per annum
   
ROI: 8.12% per annum
 
 
 

Other Information :

 
Total Number of staff: 1
 
Year Established: 2005
 
Ownership: Pty Limited
 
Potential to relocate: Zero
 
Other Information: DISCLAIMER REGARDING INFORMATION -
• No representation or warranty, express or implied, is given as to the accuracy or completeness of the contents of this profile.
• The only representations and warranties that will be made are those that may eventually be included in a definitive agreement to the proposed sale of the vendors interests in the business.
• Neither this profile nor any of the information contained in it shall form the basis of any contract for such sale, nor does it constitute an offer, invitation or inducement to purchase or acquire any shares in the business or any interest in it.

GENERAL INFORMATION -
• The property is located in a prime spot on a corner, within walking distance of the CBD.

DETAILS OF BUSINESS FOR SALE:
• The potential buyer of the business may consider operating from the same location and continue renting the premises, and/or purchase or the property outright.

FINANCIAL INFORMATION -
• Detailed information about the property will be made available to approved buyers
POTENTIAL -
• The property is suitable for any Light industrial operation or service business.
• The business that occupies the property is being sold and the new business buyer has the option of either purchasing the property, or renting the premises.
• This is a great opportunity for a BBBEE service company/entrepreneur to take over this well developed property in tandem with an established business with a good track record, who will be able to secure, or have acces to local, provincial or central Government contracts.
If you are only interested in renting the premises, you may respond BY CLICKING at the foot of the last page of this listing and the Broker will respond and advise the principal to arrange for you to view the premises.

REASON FOR SELLING -
• The tenant business is being sold and the property MUST be sold if the new owner of the business does not buy or rent the property.

PROOF OF FUNDING REQUIREMENT -
• Interested parties MUST be able to demonstrate that they have access to the required funds to finance a cash transaction purchase.
• In terms of the Broker mandate, the Seller will not entertain any discussions, or consent to provide any details or documentation; or accept any offer unless you first meet this criteria. The Potential Buyer will need to provide proof of these financial requirements in your initial enquiry.

FULL DETAILS WILL BE PROVIDED BY THE APPOINTED BROKER SUBJECT TO SIGNING A CONFIDENTIALITY AGREEMENT (NDA).

 
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Click here if you are interested in this business and would like to contact the seller.