Security, parking

Three factories in Wellington industrial park, with potential for R120 000 monthly income, will be sold individually or as one

RAWSON Auctions Western Cape will bring to auction three commercial properties in a popular Wellington industrial park which offer the potential to generate a large monthly rental income.

The properties at 3 Oudebrug Street are each on separate erfs with their own title deeds. They will be sold individually or as one lot, says Tanya Jovanovski, franchisee of Rawson Auctions Western Cape.

The factories have a total erf size of 3 457m² and currently generate R120 000 a month in rental income. The current lease expires at the end of April.

The first factory spans 1 163m² and the ground floor comprises a reception area, a kitchen and two toilets. A boardroom and three offices are on the upper level.

The second factory also covers 1 163m². This building consists of a receiving area, an office for the operation manager, two toilets, two additional offices, a conditioning room, a production area with a production office and a wash bay area with a long wash trough, two taps and two toilets. It also includes a changing room, a men’s toilet, and storage spaces for chemicals and consumables. There is a canteen on the first floor.

The third factory has an erf size of 1 131m². This building includes a loading bay (waste area), and a flat with its own entrance. The flat, which comprises two bedrooms, a bathroom and a kitchen, could generate R1 800 a month in rental income and will be vacant on transfer, Jovanovski says.

In terms of security, electric fencing and barbed wire have been provided around the factories, and each has its own alarm system and fire escape door with alarm.

“Another great feature of the property is that there is ample parking. There are six under-roof parking spots as well as parking at the entrance, with offstreet parking also available.”

Jovanovski says R120 000 monthly income being generated by the three factories “massively offsets the low, total maintenance cost of just R5 400 in rates and taxes.”

The property will be auctioned at noon on January 30 at the Rawson Property Group’s head office at 222 Main Road, Rondebosch. The reserve price for the three buildings together is available on application, but all offers will be considered. The seller is registered for VAT, and the properties will be vacant on transfer.

All offers should be submitted on Rawson Auctions’ Offer to Purchase form, a copy of which can be obtained by contacting info@rawsonauctions. com or 0218371700. Bids can be delivered to the Rawson Property Group’s Rondebosch head office.

For more details, call Sonja Visser on 081 270 5027 or Tanya Jovanovski on 021 837 1700.

Three factories in a popular Wellington industrial park, each set on an individual plot with its own title deed, will be up for auction on January 30.