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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.

For investment sales, please contact Andrew Dewey on 0845616161 or the sales and letting area specialist Marc Bright on 079 897 9800.

Author: Justine Lombard

Submitted 06 Oct 17 / Views 1162

Southern Suburbs, Western Cape

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,... More Info