58443 m² Warehouse For Sale in Killarney Gardens

Industrial Property for Sale as Investment with 10 Years Triple Nett Leaseback:

Portion 1:

o Approximately 24,000 m2 of land with a guardhouse.
o 1213m2 three-story office block with reception area, offices, boardroom, ablution, and kitchen.
o 77 parking bays, 56 of which are covered with shade net.
o This portion has a large vacant area which can be developed, and because the bulk on the entire site is so low, you will be able to build on a large portion of it.
o It also has a Vodacom Tower on it generating an additional monthly income of R13,000 per month.

Portion 2:

o 9527 m2 GLA buildings on approximately 34,000 m2 of land.
o The tenant, who is part of a listed company, is prepared to enter a 10 years triple nett leaseback on this portion at approximately R700,000 monthly rent excluding VAT.

Improvements on this Portion 2 include:

o Large warehouse space consisting of three double-volume warehouses with a double-storey office component inside the warehouse, ablution facilities, staff rooms, and kitchen.
o The warehouse offers 22 roller shutter doors with 7 dock levellers.
o Two stores, workshop, laboratory, and a shed.
o Most of the yard is under concrete and is mainly used for a storage area.
o 800 amp power supply.
o 24 hrs manned security.