Property features

R81 600 000

Property Details

The property is situated in the well-established Alrode Industrial Township, to the south of Johannesburg in Alberton. The R59 (located to the west of the property) and the N3 (located to the east) provide quick access to key markets throughout Gauteng. The property provides great exposure to the busiest roads in Alrode The property consists of three warehouses that form two separate spaces (19,500m2 and 7,200m2). It is ideal for manufacturing with high amperage three phase power, ample yard, good height to eaves (10-12 meters) and multiple roller shutter doors. Complementing the warehouse space is an office block with boardroom facilities Business 1: Occupies 7,157m2 current lease expires 31 March 2027. Business 2: Occupies 19,488m2 current lease expiring 31 May 2029 Total gross rental: R9 467 494 Total net expenses: R1 554 805 Total Net income: R7 912 689