Warehouse Space 44 Forssman Close, Barbeque Downs , Barbeque Downs

Are you looking for a potential warehouse investment opportunity with a long-term standing tenant in place? If so, this could be a phenominal opportunity for you. 

Key Highlights:

• Long-Term Lease Security: Fully tenanted with a strong, long-standing tenant committed until 2029, with an option to renew the lease through to March 2031.
• Attractive Investment Yield: Offering a potential yield of approximately 10%-11%, this property is an exceptional investment opportunity.
• High Demand, Limited Supply: Industrial warehousing in Barbeque Downs is in extremely high demand, with minimal available stock in this sought-after area.

Prime Location:
Situated in a mixed-use commercial and industrial precinct adjacent to the iconic Kyalami Race Track, this property benefits from excellent positioning. The surrounding area features a blend of similar workshop/warehouse buildings, retail outlets, and industrial mini-units. The property offers easy access from the R55 (Main Road) and is centrally located for businesses operating in Johannesburg and Midrand.

Property Overview:
Total GLA: 3,462m²

• Office Component:
  A double-storey office area with a well-maintained layout, including a reception area, multiple private and open-plan offices, a kitchenette, and ladies' and gents' bathrooms. Features suspended board ceilings, carpet, and tiled flooring.

• Workshop:
  A robust structural steel frame construction with cement block in-fill, wooden and steel window frames, and a low-pitched insulated IBR roof. The workshop features steel sliding doors for easy access.

• Basement:
  A lower-ground storage area, accessed via internal stairs, providing versatile additional space.

• Mezzanine Storage:
  Mezzanine floors constructed with steel beams and wooden flooring, ideal for additional storage.

• Site Improvements:
  The property is fully secured with steel palisade fencing and brick walling around all four boundaries. The remaining site is brick-paved for easy maintenance and vehicle circulation.

Investment Opportunity:
This property offers an unbeatable combination of strong lease security, prime location, and high tenant demand in an area experiencing a shortage of industrial warehouse stock. The existing improvements, spanning offices, workshop, basement, and mezzanine, cater to a wide range of business needs, making it a valuable addition to any property portfolio.

Industrial opportunities like this in Barbeque Downs are incredibly rare. Contact us today to secure this prime asset and benefit from its strong tenant performance and competitive yield!