A substantial industrial, warehousing and distribution property for sale at 724 16th Road, Randjespark Ext 90, Midrand. The property offers a total rentable area of 9,472 m² across warehouse, office and ancillary buildings. It is situated in an established Midrand industrial node, with access to Olifantsfontein Road, New Road and the N1 corridor.
Property accommodation
- Main warehouse of approximately 6,605 m²
- 22 dispatch and receiving bays
- Adjoining administrative offices of approximately 1,252 m²
- Executive offices of approximately 1,060 m²
- Mezzanine of approximately 600 m²
- Workshop and storage area of approximately 98 m²
- Marketing and merchandise building of approximately 615 m²
- Bar and patio area of approximately 170 m²
- Security building of approximately 33 m²
Site and operational features
- 105 parking bays: 83 covered and 22 open
- Borehole
- Excellent security
- Beautifully maintained gardens
- Separate access points for the warehouse and office facilities
- Extensive loading and circulation areas
Power
The property has a main municipal distribution mini-sub and a 1,200 A three-phase main circuit breaker. Warehouse feeders are listed at 450 A and 250 A, with additional 250 A, 150 A and 100 A feeds noted in the existing distribution schedule. Purchasers should verify the configuration and available capacity during due diligence.
Existing tenancy
The executive offices, marketing and merchandise building, and bar building are occupied under a five-year lease, with an option to renew for a further five years. The remaining facilities may suit an owner-occupier or offer potential for additional rental income.
Location
Located at 724 16th Road, Randjespark Ext 90, Midrand, the property has convenient access to the N1, New Road and Olifantsfontein Road. Its position in an established industrial node supports warehousing, logistics, distribution and corporate operations.
Plans and financing
Site, warehouse, dispatch, administrative, mezzanine and workshop plans are available. A zoning certificate is included in the source pack. Additional plans and compliance information may be supplied separately.
An indicative financing structure for qualifying purchasers is:
- 30% deposit: R45,000,000
- 70% finance: R105,000,000
- Finance period: 10 years
- Indicative interest rate: Prime less 1%
Financing is subject to approval and applicable terms and conditions.
Contact Stephanie Stubbings for a viewing.