Property features

R14 420 000

Property Details

For Sale: Industrial Properties at 56-58 Loper Avenue, Spartan, Gauteng Property Overview: Address: 56-58 Loper Avenue, Spartan, Gauteng Total GLA (Gross Lettable Area): 2,591 m² Location: Situated in Spartan, a prime industrial area in Gauteng, only 4km west of OR Tambo International Airport. The property provides easy access to the R24 highway via the Barbara Road intersection and connects to the R21 north-south arterial route. Property Details: 56 Loper Avenue GLA: 501 m² Tenant: Hydradrive (lease expiring 31 May 2025) Occupancy: 100% as of January 2025 WALE (Weighted Average Lease Expiry): 0.4 years Annual Escalation: 7.5% Eave Height: 3.5 meters Roller Doors: 2 on-grade doors Power Supply: 250 Amps Fire Sprinklers: None 58 Loper Avenue GLA: 2,090 m² Tenant: PLR Logistics (lease expiring 31 May 2026) Occupancy: 100% as of January 2025 WALE: 1.41 years Annual Escalation: 7.5% Eave Heights: 3.5 to 5.5 meters Roller Doors: 2 on-grade doors Features: Spacious warehouse with two large roller doors, mezzanine, ample natural light, covered and open parking bays. Fire Sprinklers: None Additional Property Features: Total Roller Doors: 4 on-grade doors (2 per building) Superlink Access: Possible for superlink truck reticulation Current Occupancy: 100% across both properties Total WALE: 1.2 years as of January 2025 Average Escalation: 7.5% per annum These properties at 56-58 Loper Avenue offer substantial industrial space with a strong tenant profile, steady rental income, and proximity to key transport routes and OR Tambo International Airport. Ideal for investors seeking a well-positioned industrial asset with reliable lease income.