23 July 2020 / 11:00 a.m
Online Live Zoom Auction
UNIT 6, PARADISE PARK, PARADISE VALLEY , 6272 ENTABENI ROAD, PINETOWN
General
Property Address 6272 Entabeni Road, Pinetown, Kwazulu Natal
Section 3, Unit 6, Paradise Park, Paradise Valley
Title Deed Information
Title Deed Number ST8193/2012
Title Deed Description Sect. 3 of plan 332/201, known as Paradise Park
Situated at Rem of Erf 3056 Pinetown, Kwazulu Natal
Extent 193 m²
Municipal Value R 720 000.00
Locality
The subject property is centrally located within the business node of Pinetown, situated in close proximity to Schools, Hospital/Clinics, Police Station, Train Stations, Shopping Centres with easy access to the N3 and M7 freeways.
Property Description
A single storey semi-detached light industrial unit within a secure Sectional Title Industrial Mini-Factory complex, comprising:
(Section 3, SS/ Paradise Park) – Warehouse / Factory area (193 m²):
✓ Screed Concrete Flooring With 2 X Roller Shutter Doors
✓ Tiled Open Plan Admin Office
✓ 2 x Tiled Offices
✓ 2 x Tiled Ablutions
(Section 2, SS/ Paradise Park) – Store-Room (10 m²):
✓ Screed Concrete Floor
✓ Yard Space (142 m²)
✓ Grassed Fenced off area next to Warehouse (Exclusive Use Area: Y1)
✓ 4 x parking bays (55 m²) – (Exclusive Use Areas: P14, P20, P21 and P22)
NB: Potential to Extend the Unit by Increasing the Height to 3 Storeys
Expenses
Monthly Rates : ± R 2 097.00 (Estimated)
Monthly Levies : TBA
Value Added TAX
The Seller is a VAT vendor. VAT applies over and above the Purchase Price.
Lease/ Occupancy
Currently occupied by the owner with no lease in place.
Potential Monthly Rental Income of ± R 15 000.00 per month.
