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R 13 900 000

Industrial Property for Sale in Glen Marais

Glen Marais, Kempton Park
  • Floor Size 1 850 m²
Prime Property Investment Opportunity

The building comprises two main sections: offices and ablutions spanning 650m², and a warehouse and factory area covering 1200m², totaling a Gross Lettable Area (GLA) of 1850m². Currently, it generates a monthly income of R150,000. The existing lease, set to expire in November 2025, includes a 5% escalation clause. The property, positioned in a tranquil and secure neighborhood, serves as an investment opportunity with a longstanding tenant of over 15 years. Although it's premature to renew the lease, the tenant expresses interest in extending their stay. Well-maintained and monitored by the tenant, the property boasts convenient access from the R21 freeway, enhanced security features such as electric fencing and beams, and a backup generator under the landlord's ownership. As a going concern, VAT will be zero-rated for the sale.

The property is offered for sale at...

The building comprises two main sections: offices and ablutions spanning 650m², and a warehouse and factory area covering 1200m², totaling a Gross Lettable Area (GLA) of 1850m². Currently, it generates a monthly income of R150,000. The existing lease, set to expire in November 2025, includes a 5% escalation clause. The property, positioned in a tranquil and secure neighborhood, serves as an investment opportunity with a longstanding tenant of over 15 years. Although it's premature to renew the lease, the tenant expresses interest in extending their stay. Well-maintained and monitored by the tenant, the property boasts convenient access from the R21 freeway, enhanced security features such as electric fencing and beams, and a backup generator under the landlord's ownership. As a going concern, VAT will be zero-rated for the sale.

The property is offered for sale at R13,900,000.00, plus VAT, presenting a lucrative investment prospect given its stable income stream, established tenant, and prime location within a well-maintained complex. With potential for lease renewal and appreciation in property value, it represents a promising opportunity for investors seeking a reliable return on investment in the commercial real estate sector.

Listing number: P24-114329165, Image number: 1
Listing number: P24-114329165, Image number: 2
Listing number: P24-114329165, Image number: 3
Listing number: P24-114329165, Image number: 4
Listing number: P24-114329165, Image number: 5
Listing number: P24-114329165, Image number: 6
Listing number: P24-114329165, Image number: 7
Listing number: P24-114329165, Image number: 8
Listing number: P24-114329165, Image number: 9
Property Overview
Listing Number
114329165
Type of Property
Industrial Property
Listing Date
26 April 2024
Erf Size
4 081 m²
Floor Size
1850 m²
Furnished
Optional
Multi Tenanted
No
Generator
No
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