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R 4 500 000

Industrial Property for Sale in Halfway House

5 Midrand Junxion, Old Pretoria Road, Halfway House, Midrand

663 m²

Contact Broker

Paul Dally

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Investment Property - Retail & Industrial

Investment property. This retail & industrial warehouse unit forms part of a sectional title, light industrial park hosting 8 units.

INVESTMENT PROPERTY PROFILE:

There is a tenant in occupation, with the lease commencing on the 1 July 2023 and ending on the 30 June 2028. The tenant is currently paying a Gross Monthly Rental of R53 404, plus vat, including 80% of the levies, building insurance, refuse, electricity and water. The lease escalates at 7% per annum.

- Measures 663m2

- Current Lease is 5-years.

- Annual Gross Income of R646 981 excluding vat

- Annual Expenses of R127 582, excluding vat

- Annual Net Income of R519 400 excluding vat

- Purchase Price is R4.5 million, zero rated transaction.

- Yield at 11.5%.

- Priced at R6 787 per m2.

The versatile unit is ideal for light manufacturing, retail and mechanical workshop purposes. The warehouse features 1...

Investment property. This retail & industrial warehouse unit forms part of a sectional title, light industrial park hosting 8 units.

INVESTMENT PROPERTY PROFILE:

- Measures 663m2

- Current Lease is 5-years.

- Annual Gross Income of R646 981 excluding vat

- Annual Expenses of R127 582, excluding vat

- Annual Net Income of R519 400 excluding vat

- Purchase Price is R4.5 million, zero rated transaction.

- Yield at 11.5%.

- Priced at R6 787 per m2.

The versatile unit is ideal for light manufacturing, retail and mechanical workshop purposes. The warehouse features 1 large on-grade roller shutter door, 7 metres at the highest point, 6 metres to eaves, natural lighting, an additional storeroom and 3 phase power. The neat offices account for 2 floors from the ground floor to the top floor, starting with a welcoming reception area, which can be used as a showroom display area. The staircase leads to the top floor with a closed office and boardroom design, inclusive of air-conditioning, a kitchen and ablutions. Overall, the property is a minimal maintenance and repairs investment with the outside brick-face wall, carpeted offices and well-maintained epoxy warehouse concrete floors.

The outside view shows a shared yard space, with dedicated covered parking, direct access into the warehouse and a secure palisade fencing surrounding the entire premises.

The location is an established light industrial node which has seen rapid growth over the years due to its accessibility, central position and upgrade of the Allandale Road on/off ramp. The Allandale off/ramp feeds into the multimillion-rand Waterfall Development node and more recently the Mall of Africa, which are key landmarks. Other surrounding amenities include fuel stations, conference centres, public transport stations such the Gautrain and taxi ranks, healthcare centres and schools among others.

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Property Overview

Listing Number

112360618

Type of Property

Industrial Property

Street Address

5 Midrand Junxion, Old Pretoria Road, Halfway House

Listing Date

24 February 2023

Floor Size

663 m²

Facilities

Bathrooms

Board Rooms

Kitchens

Building

Building Grading

A Grade

Height Of Eaves

6 m

Power Availability

Three Phase

Points of Interest

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