Warehouse Space 54 First Street, Booysens Reserve

Neat 2561m2 Warehouse to rent - Booysens Reserve

0 | | |

This neat 2561m2 Warehouse to rent in Booysens Reserve is a must see. There is everything needed for anyone looking to take their business to the next level, the warehouse offers 2 large roller shutter doors for ease of access and nice flow within the warehouse. The warehouse also offers 3 phase power as well as great height to eaves around 7m. The warehouse has great natural lighting throughout as well as there is ventilation. The office component is a 166m2 with boardroom and open plan offices with exclusive offices as well, there is also exclusive ablutions and kitchenettes within the warehouse.

Building Description

This investment opportunity consists of 9 170m2 of GLA sectioned into 6 units that comprise of a mix of industrial and office space. The purchase consideration of +-R 26.00mn results in a price per m2 rate of +-R 2 835/m2 which is slightly lower than the area's average rate of +- R3 250/m2 across a variety of industrial property sizes and grades. This investment offers a forward NOI yield of +-10.00% (at its current occupancy of +- 90.00%) or +-11.43% when let at full capacity. The site offers great features such as parking, multiple roller shutter doors as well as 3 phase power. Booysens Reserve is a highly industrial node in the City of Johannesburg Metropolitan Municipality and is serviced by a great quality road network, namely Booysens Road, the M1 and N1 which are situated approximately 2.10km, 2.70km and 7.40km from the subject property respectively and allow for accessibility to key locations such as: • Central Business Districts – Johannesburg CBD (8.40km), Rosebank CBD (14.60km), Sandton CBD (20.30km) • Other Industrial Nodes – Crown (2.40km), Selby (4.00km) • OR Tambo International Airport (33.00km) The general Booysens area has experienced an estimated 8.00% five-year compounded annual growth rate for average sold prices in the area. Contact me for additional inquiries you may have regading this investment opportunity.