29 RANA ROAD, ISIPINGO RAIL

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25 Jun 2020 / 11:00 a.m

ONLINE LIVE ZOOM AUCTION

29 RANA ROAD, ISIPINGO RAIL

THURSDAY, 25 JUNE 2020 @ 11:00 AM
ONLINE LIVE “ZOOM” AUCTION

General
Property Address 29 Rana Road, Isipingo Rail, Isipingo, Kwa-Zulu Natal

Title Deed Information
Title Deed Number T4539/2019
Title Deed Description Erf 530 Isipingo, Ethekwini, Kwazulu Natal

Municipal Valuation R 3 800 000.00

Extent 3950 m²

Locality

The subject Industrial property is centrally located within the business node of Isipingo, in
close proximity to Southway Warehousing, Eveready Brick & Blocks, KPJ Burban Isingo,
Train Stations, Service Stations, Schools, Police Station, Shopping Centres and other local
amenities with easy access to the R102 and N2 freeways.

Condition
The subject property is in good condition.
Please note that we have not undertaken a structural survey, nor have we arranged for
tests of inspections of the service installations.

Property Description

The Subject Industrial Property is divided into two Sections Comprising:

Section 1 (Tenanted):
✓ 650 m² +/- Under Roof, High Volume Warehouse
✓ Reception Area
✓ Kitchen
✓ Male & Female Ablutions
✓ 168 m² – 3 / 4 Offices
✓ Storeroom
✓ Parking for ± 10 Trucks

Section 2 (Owner Occupied):
✓ 650 m² +/- Under Roof, High Volume Warehouse
✓ Reception Area
✓ Kitchen
✓ Male & Female Ablutions
✓ 168 m² – 3 / 4 Offices
✓ Storeroom
✓ Parking for ± 10 Trucks

Expenses
Monthly Rates: ± R 12 635.00 (Estimated)

Value Added TAX
The Seller is a VAT vendor. VAT applies to the Purchase Price.
Lease/ Occupancy
Section 1: 50% is Tenanted by Sylver Tanker Specialists on a Month-to-Month Lease.
Monthly Rental is R 50 000.00

Section 2: Owner occupied.

Private Property Link

Property 24 Link

Auction Number :

29 RANA ROAD, ISIPINGO RAIL

Auction Type :

Online - Timed Auction

Registration Deposit :

R50000

Auction Date :

25 June 2020

Auction Time :

11:00

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