Warehouse Space Elsecar Industrial Park, Kya Sands, Kya Sand

INVESTMENT OPPORTUNITY!

At a GLA of 1 500m2 and a purchase consideration of approximately R 7 million (+- R 5 000/m2), this 83% occupied 7-unit mini-industrial park offers investors a forward NOI yield of +-10%.

The park consists of two main buildings whereby all 7 units are double volume with sizes ranging north of 170m2. Each unit obtains a double volume office, double volume roller shutter doors as well as 3 phase power supply.

Kya Sands is an ideal location for those looking to invest in industrial assets. The area is deemed as an industrial hotspot as it provides ample room for industrial development opportunities and the area is in close proximity to various advantageous points for those whose core business is in industrial activities. The nearby Cosmo City rural area acts as a funnel of employees for businesses located in Kya Sands. Main roads and highways such as the N1, N14, Malibongwe Drive and Witkoppen Road are also easily accessible and link those situated in Kya Sands to other various commercial and industrial nodes within the greater Johannesburg region. The subject property in particular is situated near; Malibongwe Drive (+-1km), N1 Western Bypass (+-8.90km), Witkoppen Road (+-3.20km), Sandton CBD (+-18.30km via Malibongwe Drive), Johannesburg CBD (+-41.70km via N1 Western Bypass) and OR Tambo International Airport (+-45.00km via N1 Western Bypass).

The area is known to achieve soft rentals of R 35/m2 and hard rentals of R 50/m2. This investment opportunity offers rentals that are more in line with area hard rentals.

Get in touch with me for any further enquiries regarding this investment opportunity.