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R 140 000 000 | industrial property for sale in north riding

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Property Description

ACQUIRE AN INDUSTRIAL INVESTMENT PROPERTY TO YOUR PORTFOLIO, WELL LOCATED IN NORTHRIDING. NORTHERN JOHANNESBURG. Situated in a secure boomed Industrial Park surrounded by large Blue Chip companies within the park . The building features the following: ERF Size: approximately 12,000m² G.L.A. (Gross Lettable Area) 15,297m² Office size: 2400m² Warehouse Size: 12900m² 13 Loading Bays 2 Docklevlers 13 Roller shutter doors approximately 4mx6m – 2 automated. Turning circles for super-links 10 metres directly outside, although the park, is designed with a circular road plan. Parking Bays 120 bays shade netted plus additional enclosed parking. Guard house at the entrance with camera monitored entry. Complete security and electric fencing around the perimeter. Power: 800KVA ( Plus back up generator) The building is 7 years old there is a 6 year (36 month) lease agreement in place with long standing owner tenant, (Well renowned blue chip company. They will more than likely renew the lease. This facility is in pristine condition. Blue Chip quality like this sells quickly Rental per m²: - R75.00 Monthly Rental:- - R 1, 205, 474 ( -R1,205 Million) Escalation per annum:- C.P.I. 2% Park Levies & other incurred costs:- R33k per month.

Property Details

Purchase PriceR 140 000 000

Building Size15297 m2

Price Per SQMR 9152 m2

Type of PropertyIndustrial

Land Size12000 m2

Last Updated30 Jul 2018

Property Location

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