Property Details

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. Currently, it generates a monthly income of R150,000. The existing lease, set to expire in November 2025, includes a 5% escalation clause. The property, positioned in a tranquil and secure neighborhood, serves as an investment opportunity with a longstanding tenant of over 15 years. Although it's premature to renew the lease, the tenant expresses interest in extending their stay. Well-maintained and monitored by the tenant, the property boasts convenient access from the R21 freeway, enhanced security features such as electric fencing and beams, and a backup generator under the landlord's ownership. As a going concern, VAT will be zero-rated for the sale. The property is offered for sale at R15,500,000.00, plus VAT, presenting a lucrative investment prospect given its stable income stream, established tenant, and prime location within a well-maintained complex. With potential for lease renewal and appreciation in property value, it represents a promising opportunity for investors seeking a reliable return on investment in the commercial real estate sector.