Well-Designed Industrial Property for Sale in Prosperita

Location:
Situated on Dante Street in Prosperita, this industrial property spans an area of 660 m², strategically positioned in a sought-after industrial area south of Windhoek. With proximity to major amenities and highways leading both north in Namibia and south to South Africa, this property is an excellent investment opportunity.

Zoning and Land Description:
Zoned as Industrial with a bulk factor of 1, the property boasts an advantageous location on street level, offering ease of access and reasonable visibility. The flat topography ensures optimal functionality for industrial purposes.

Description of Improvements:
The property features a meticulously designed double-storey office block complemented by a spacious double-volume warehouse. The improvements showcase quality construction with IBR roofing, brick walls, aluminum window and door frames equipped with burglar bars. The offices exhibit suspended ceilings and ceramic tile/antistatic flooring, while the warehouses have cement flooring with no ceiling.

Double Volume Warehouse (265 m²):
Large space with two toilets and a basin.
Office Block (189 m²):

Reception area
Open office
Kitchen and toilet
Upstairs coffee area
Three dry-wall offices
Large printer room within the warehouse
Mezzanine (10 m²):
Positioned above the ablution area
Paved Residual Land (331 m²):

Ample space for parking with a capacity for 10 parking spots

Minor Features:

Brick boundary walls
Alarm system & 3 CCTV cameras
Central air-conditioning & 2 split units
Paving

Condition of Improvements:
The property boasts well-maintained improvements with standard finishes, ensuring a professional and appealing aesthetic.

Financial Information and CAP Rate Valuation:

Monthly Income: N$ 46,355
Vacancy: 0%
Less Expenses (12%): N$ 5,563
Net Income: N$ 40,792
Annual Net Income: N$ 489,509
Cap Rate: 8.0% (12.5 multiplier)

Contact:
For viewing arrangements or further information, please contact Joubert Balt at 081 127 2322. Proof of funds is essential.