Tenanted industrial business park in Boksburg secures R27 million at auction

A tenanted industrial business park in Boksburg, featuring established tenants and solid leases, secured a notable R27 million at last month’s multiple auction event.

The property occupies a prominent location within the established industrial area of Boksburg East. The property covers the width of an entire block, and enjoys excellent access to and from a wide catchment area via most main and secondary routes including the Atlas Road offramp on the N12 highway.  

The property which has been upgraded over the past few years, hosts 18 industrial units, and extends over an approximate GLA of 13 000m². 

The units vary in size, and are achieving strong rental rates per m². The property has a projected gross annual income of R4.4 million, generated from solid long standing tenants.  

Comments John Hislop of Auction Alliance, “The sale demonstrates the ability of the auction mechanism to identify investors from a wide buyer pool and profile, and match them with investment opportunities that they may not otherwise have been exposed to”.