We have a package of four, fully let commercial sectional title investment properties for sale. These units have been priced to sell as a non negotiable package deal. The units consist of a main road motor showroom and training facilities in Montague Gardens, Cape Town. There are four tenants. The tenants have contributed significantly to their installation costs, illustrating their commitment to remain in occupation long term. The net initial yield is 10.95% on the selling price of R 10,85 Million. Due to confidentiality we have not displayed these properties on our website.
We also have an industrial sectional title property in the sought after Ndabeni area. This property has a solid national tenant on a new three year lease. The property has a full fire sprinkler system. The initial yield is 9.29% on the price of R 10.6 Million.
In addition to these we have a large factory or warehouse with substantial yard in Ndabeni. Although this property will be coming vacant early next year, we believe that it will not stand vacant for long due to its excellent location and prime position.