Web Ref No LFRB-3586

REDUCED .... The Empangeni Mini factories are situated at 13 Platina Drive, Empangeni. The building is currently divided into 5 mini-factories and could be further divided should the need require, it is fully fenced with a driveway gate. Also has parking for all the factories within the fenced factory area. All units have their own set of toilets, showers, kitchenettes and 4 of the 5 units have garage door access and 1 unit has a mezzanine level. At the side of the building, there is a common toilet and shower that can be used by all tenants over and above their own. The building under cover is 1048sqmtrs on about 2200 sqmtrs of land.

Factory 1
246 sqm. with a rental income of R12 300

Factory 2
246 sqm. with a rental income of R12 300

Factory 3
155 sqm. - has a rental income of R7 750

Factory 4
170 sqm. - has a rental income of R8 500
85sqmtrs - Mezzanine level – R2 125

Factory 5
146 sqm. - consisting of 6 offices with a rental income of R7 300

If all units were let, the rental income of R50 275 x 15% VAT = R57 816.25
The rates is approximately R2 275.00
Sewerage, water, refuse and removal is paid by the tenants over and above the rent.