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R 13 900 000

Industrial Property for Sale in Glen Marais

Glen Marais, Kempton Park

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1 850 m²

Contact Broker

Raymond Roos

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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...

Listing number: P24-114329165, Image number: 1

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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

Building

Multi Tenanted

Other Features

Generator

Points of Interest

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