The building comprises two main sections: offices and ablutions spanning 650m², and a warehouse and factory area covering 1200m², totaling a Gross Lettable Area (GLA) of 1850m². It currently generates a monthly income of R150,000 with a 5% annual escalation clause. A new 5-year lease has been signed and is effective from 1 December 2025, securing long-term occupancy by a longstanding tenant.
Positioned in a tranquil and secure neighborhood, the property presents an excellent investment opportunity. It is well-maintained and carefully monitored by the tenant, with convenient access from the R21 freeway. Additional features include enhanced security such as electric fencing and perimeter beams, as well as a backup generator owned by the landlord. As a going concern, VAT will be zero-rated for the sale.
The property is offered for sale at R17,200,000.00 plus VAT, presenting a lucrative investment prospect given its stable income stream, established tenant, and prime location within a well-maintained complex. With the newly signed long-term lease in place and potential for future capital appreciation, it represents a compelling opportunity for investors seeking a reliable return in the commercial real estate sector.