R 999 999 999 | industrial property for sale in wynberg

Extent: /- 5 627 sqm | Large factory with offices - 2 entrances with yard and parking area | Triple net lease expires February 2021 | Option for vacant occupation LOCALITY The property is located in an established industrial area. It is located on the southern side of Thora Crescent backing onto Chadwick Road in Wynberg. The area is well accessed via an established road network with the main arterial routes being Andries Street and Pretoria Main Road. The surrounding area is largely developed with similar industrial properties. The area is essentially an industrial area with most modern amenities such as residential accommodation, retail facilities, places of employment, schools etc., all located within a 5 Km radius of the subject property. PRIMARY USE The property comprises a slightly sloping site, improved with a double volume industrial / factory building, double storey attached offices and other ancillary facilities inclusive of sheds and extensions on an enclosed and paved site. The sheds are approximately 756 sqm. Internally the double-storey office area includes tiled and carpeted flooring, plastered ceilings, fluorescent lighting and dry walling and air-conditioning in parts. The factory is a high-volume steel frame structure with iron and brick walling under a sisalation type ceiling insulation with a saw tooth finish and skylights and have been extended. The factory includes a concrete and part wooden mezzanine level with sisalation ceiling insulation, fluorescent lighting and brick and iron cladding. The property is currently occupied by CRH Africa Automotive (Pty) Ltd, who manufacture component parts for the automotive industry. The lease is a triple net lease whereby the Tenant pays all operating costs, i.e: insurance; maintenance (excluding certain specified items); utility expenses (water and electricity); property taxes/rates; sewerage; sanitation and refuse removal charges and the landlord receives a net rent. They long term lease comes to an end in February 2021. There is an option to take immediate occupation.