Warehouse Space 1 Renaissance Boulevard, Crown , Selby

100% Multi-Let Mini Industrial Park

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Situated in Region 9 Johannesburg, the Crown and Crown Mines area form part of eGoli’s rich Witwatersrand Gold Rush history. Today, Crown is known as one of the most notable manufacturing hubs in the City of Johannesburg Metropolitan area.

Crown is a well located hub for not only manufacturing but also logistics and transportation businesses due its positioning where the M1, M2 and R41 connect and intersect. The investment property in particular is situated in close proximity to the following noteworthy points; Johannesburg CBD (+- 6.60 km ), Sandton CBD (+- 18.50 km), OR Tambo International Airport (+- 27.00 km), M1 (+-2.40 km), M2 (+-1.10 km) and R41 (+-550 meters).

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Building Description

This investment opportunity is a 100% occupied multi-let mini industrial park consisting of 38 units spread across a GLA of 10 959m2 . At a purchase consideration of R55 million (R5 019/ m2) this investment opportunity offers investors a historical NOI yield of +- 8.70%. It is estimated that this investment property obtains an average rent/ m2 that is +-18% below market averages.