SHOWING LISTING 1 OF 1
 
GET EMAIL
ALERTS

R55,500,000

Investment / Owner Occupier

SOLD 9.75% yield. Property located off Forest Drive with frontage onto Howard Drive and Gardener Way. The building currently accommodates a 2 storey mixed use office block and warehouse.

The warehouse section eaves height varies between 5 and 6 meters. Access is via 2 roller shutter doors. The offices have a double volume entrance foyer which accesses 2 floors of offices (and also the warehouse).

Single national tenant ,Royal Serve which is is part of the Bidvest Group, lease runs till April 2020, 46 external Parking bays, potential to lay a slab over warehouse area for additional approx 2500 m2 of offices/warehousing.

Visitors parking in front of the building. Seller fitted new fencing so the property is fully enclosed, new central air conditioning unit (R150k) installed last year and a 60 Kwh solar generation plant. *please note this achieves an additional revenue average of R15 000/month and will be sold at an additional R1.5M to the asking price. The sale includes a 600kva generator.

Features

0
46
Title:
Freehold
Zoning:
Mixed Use
Interior
Air Conditioning
Yes
Power 3 Phase
Yes
Power Amps
500
Exterior
Security
Yes
Carports / Parkings
46
Sizes
Floor Size
5,444m²
Land Size
8,645m²
Extras
The offices are mostly open plan . A portion of the offices to the first floor have conventional suspended ceilings with recessed lighting

Pinelands, Southern Suburbs

The southern suburbs is highly accessible due to the two major highways that service the area. The Southern Suburbs are the suburbs located south of the City Bowl in Cape Town. They include Athlone, Philippi, Wetton, Lansdowne, Diep River, Capricorn Park, Ottery, Claremont, Constantia, Kennilworth, Mowbray, Newlands, Plumstead, Retreat, Rondebosch, Steenberg, Rosebank, Tokai,...
More Info

In the news

Swindon Sells Gardener Place In Pinelands
Andrew Dewey of Swindon Property recently concluded the sale of Gardener Place, a 2400m2 commercial building in Pinelands consisting of a 3 storey office building and two large warehouses with ample parking. The property was...
 
  • 1
 

Get Email Alerts

Sign-up and receive Property Email Alerts of Investments for sale in Pinelands, Southern Suburbs.

Disclaimer: While every effort will be made to ensure that the information contained within the Swindon Property website is accurate and up to date, Swindon Property makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

You currently have no favourites.
Click on the favourite icon for a property to add it to your favourites.