55 Lake Road, Longmeadow

25^th August 2014

TO: ALL BROKERS

TO LET

55 LAKE ROAD - LONGMEADOW

The above free standing single tenant property totaling approximately 1558 SQUARE METERS is available to let from approximately October 2014

We require a gross rental of R65.00 / SQUARE METER excluding VAT, which includes a Levy / Operating Cost of R12.00 / SQUARE METER excluding VAT.

The building has approximately 350 SQUARE METERS of double storey air conditioned offices, a warehouse of approximately 1120 SQUARE METERS with 2 roller shutter doors, (1 on a ramp and 1 on a loading dock) as well as 2 warehouse stores/offices/change rooms/ablutions of approximately 40 and 48 SQUARE METERS.

For security, the property is within the access controlled Longmeadow Business Estate, has palisade and electric fencing as well as an automated entrance gate with intercom.

The property is ideally suited to logistics, warehousing or light inmanufacture as there is ample 3 phase electricity available.

We require minimum 3 to 5 year leases with a 9% escalation on the rental and 11% on the levy / operating cost.

Personal sureties of all directors / members are required together with a cash deposit equal to two months of the last year’s gross rental including VAT.

Internal security systems to be provided by tenants at their own cost and expense.

Agents commission will be based on 5% of the net rental (excluding levy / operating cost) for the first two years and 2.5% for the following three years.   No commission will be payable on lease renewals or extensions.

No Letting Boards will be permitted on the property, perimeter fencing or sidewalks.

Please telephone the writer on 011-883-0420 to make appointments to view the units.  

We trust the above information is clear and look forward to doing business with you.

Yours faithfully,

Ennerine Brits

PROPERTY MANAGER