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.
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