R17,200,000
1 Sim road
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Monthly Levy
R1,000
R1,000
Monthly Rates
R1,000
R1,000
Special Levy
R10
R10
Prime Property Investment Opportunity
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.
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.
Features
Zoning
Industrial
Interior
Power (3 Phase)
Yes
Exterior
Security
Yes
Parking Bays
Open Parkings
10
Covered Parkings
10
Sizes
Floor Size
1,850m²
Extras
Generator; Secure Parking; 24 Hour Access
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