Commercial Warehouse Investment Property

Otjiwarongo, Otjiwarongo, Namibia

  • 6,711 m²

N$ 7,800,000

Industrial For Sale

Property Details

Property Type : Industrial
Price : N$ 7,800,000
Town : Otjiwarongo
Property Ref : entegral-2553108
Property Size : 6,711 m²
Suburb : Otjiwarongo
Property Status : For Sale

Property Description

An excellent commercial investment opportunity. Ideally located. The property offers approximately 1,843 m² of rentable warehouse space, excluding the flat, and currently generates N$57,000 per month in rental income (excluding VAT). Property Features • 5 warehouses of approximately 225 m² each • 2 warehouses of approximately 359 m² each • Small residential flat • Secure alarm systems throughout the warehouses • Prepaid electricity and water • New 9 kg fire extinguishers in all warehouses and the flat • Four warehouses have three-phase electrical capability • Concrete loading ramp • Large yard with easy truck access and ample maneuvering space • Low water consumption The property has a strong existing tenant base, with several tenants having been in occupation for many years, providing a reliable rental income stream. With its generous land size, established tenants, excellent access and flexible warehouse facilities, this property offers a solid income-generating opportunity for investors. Land size: 6,711 m² Building/rental area: ±1,843 m², excluding flat Current rental income: N$57,000 per month (Excl VAT) Annual rental income: N$684,000

Property Features

No property features listed.

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