R 13 000 000 | warehouse property for sale in north beach

The subject property is situated within the well-established Hunter Street industrial precinct of the CBD. The area comprises a diverse mix of older, refurbished, and redeveloped industrial properties, including warehouses, workshops, and showroom facilities. It benefits from excellent accessibility, with a well-developed road network providing convenient links to the port, CBD, and surrounding commercial and industrial hubs. The property is suitable for industrial, warehousing, distribution, and showroom use, offering a strategic location for businesses requiring central access and good transport connectivity. Despite some challenges relating to crime and the gradual deterioration of municipal infrastructure, the precinct remains an established industrial node with consistent demand from commercial occupiers. Market rentals for quality warehouse accommodation in the area typically range between R40/m² and R50/m², while showroom space commands rentals of up to R70/m², depending on the property's condition, location, and specifications. A lease escalation of 5% per annum is considered to be in line with prevailing market trends for net leases. Warehouse: 1300m2. Rates: R5800 Internal Office Space: 400m2 First floor-concrete-700m2 Rates on the above R3100 Show room