Industrial Investment Opportunity in Southern Suburbs, Cape Town
Category Market News
Swindon has recently sold a prime industrial property on Induland Crescent, Pinati. With a lettable area of 8 500sqm and positioned on a 12,211m² erf, the building enjoys easy drive-in access, a yard area and parking.
The sale was concluded by Investment Specialist, Andrew Dewey, with a purchase price based on a Net Yield of 9.5%, fully tenanted. The new owner benefits from an established tenant mix, strong rental escalations across all units and an upside in rentals. Ideally located on the periphery of the southern suburbs industrial node, Induland Crescent has great access to all main arterials moving in and out of the city.
Other benefits include 4m eaves height, 3 phase power to all units and multiple drive in access points, making this a sought after industrial property.
Author: Justine Lombard