3 WAREHOUSES ON SALE FOR E6.6M

MBABANE – Property development punters have been presented with yet another opportunity to expand their business portfolio through purchasing three warehouses with offices. 

The property, which sits on a plot measuring 3 369 square metres at the Matsapha Industrial site opposite Matsapha Central Garage next to SwaziBank depot, will be sold by public auction by Rexy’s Investments at the Manzini Regional Administration offices for a reserve price of E6 650 000.

Rexy’s Auctioneer Melusi Qwabe said the business which has full electricity and water access as well as tarred road access was suitable for a wide range of business ventures that need a spacious warehouse and offices.
He mentioned that the valuation was of a higher price but they had opted to make the price lesser in order to enable interested businesses to grab the opportunity with ease.

Interested bidders who may want to participate at the auction to be held on Friday will be expected to pay a refundable registration fee of E5 000.
An economist advised that investing into property remains a good investment on the basis of the fact that property appreciates in value.

He said interested buyers could take up the opportunity considering the location at an industrial area which makes it easy to get tenants since a number of businesses would also be looking for space following the re-admission into the Africa Growth Opportunity Act (AGOA) by the US government. “You will never go wrong with investing in property because it does not depreciate. Actually, investing in property derives value for money to buyers at all times,” the economist emphasised.
Principal Secretary in the Ministry of Commerce,

Industry and Trade Siboniso Nkambule said they would continue to monitor trends on property sales, especially warehouses at industrial areas, with a view of ascertaining whether it was the effects of the regained AGOA access.
United States President Donald Trump recently endorsed the re-admittance of the kingdom into AGOA, a move that was envisaged to create between 5 000 and 10 000 jobs in the short term.
This happened three years after Trump’s predecessor Barack Obama revoked Swaziland’s AGOA eligibility – effective January 1, 2015 - because of government’s failure to demonstrate progress on the protection of internationally recognised workers rights.

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