Warehouse Space 8 Lyn Road, Strijdom Park, Strijdom Park

Sale and Leaseback Investment Opportunity

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A tenanted B-grade mixed-use warehouse in Strijdom Park available in a sale investment opportunity, consisting of storage facilities, retail shops, and offices spread across a total GLA of 2 676m2. The property is owner-occupied and 100% tenanted producing a historical NOI yield of +-9% at an asking price of R10 500 000,00 (R3 923/m2).

The property consists of two smaller, double storey buildings on the street front with a central courtyard area and open-sided material stores surrounding the courtyard area. The buildings on the street front provide a retail shop area, offices, store and staff rooms. Additional IBR lean-to-storage areas have been added to the rear of the site. The site is currently used as a building materials depot with a small shop and offices.
Strijdom Park is a well-established light industrial and commercial node situated approximately 8.00km west of the Randburg CBD and directly east of the N1 Highway. The node caters for small and medium, light industrial and commercial users. The central location of Strijdom Park continues to be a preferred location for many small-scale manufacturing, warehouse and distribution companies. Furthermore, Strijdom Park is in close proximity to various points of interest that include; Malibongwe Drive (0.35km), N1 Western Bypass (1.75km), Ferndale (2.70km), Randburg CBD (8.23km), Johannesburg CBD (19.85km), and OR Tambo International Airport (42.75km). This is an opportunity that should not be missed! Contact me for more information regarding this investment opportunity.