Tenanted industrial park is a high yielding investment opportunity

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Halfway House. Halfway House.

During next month’s Commercial Multiple auction on December 8, a tenanted and strategically situated industrial park in the established industrial and commercial node of Halfway House, will be brought under the auctioneer’s gavel.

The property is prominently situated at 87 New Road, within the Grand Central Precinct, ddirectly adjacent to Midrand’s Grand Central Airport. The site is virtually located midway between Johannesburg and Pretoria, and is easily accessible via a number of primary and secondary roads including Old Pretoria Road (R101) and the N1 Freeway (New Road on/off ramp).

The property is in an excellent condition, and hosts a rectangular building that has been divided into 10 units. The property extends over an approximate GLA of 5033m², and produces a gross annual income of R2.6 million. In addition, the property hosts a guard house at the entrance with access boom gates, electric fencing and covered parking for 49 vehicles.  The park has 6 tenants, many of which have been there for several years.

Each unit hosts a double storey office area, double volume workshop with roller shutter doors, kitchenette, ablutions in both the office and workshop areas, and separate electricity and water metres. 

Comments John Hislop of Auction Alliance, “This is an excellent opportunity for a savvy investor to purchase a functional, well-situated and income yielding asset”. 

The auction takes place at 12pm at the Hilton Hotel, 138 Rivonia Road Sandton

Click here to view Auction Details

 


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