Mini Industrial Steeldale Industrial Park
Industrial 12 units of fully tenanted B-grade industrial space accumulating 5 893m² of GLA, this acquisition opportunity offers investors a historical NOI yield of +-11.18% at a purchase consideration of R 19.50mn (+- R 3 309/m²).
As of 1 February 2021, rental rates for industrial properties across all grades in Steeledale and surrounding areas were estimated at approximately R 45/m². For prime industrial properties in this area of roughly 5 000m² as per findings in late 2020. Not a prime-grade property, this opportunity currently operates at full capacity at a prime average rent/m² of +-10% below market for the area . In addition to the 12 units.
Features such as ample delivery space, yard space of +- 2 000m², parking in front of each unit, large roller shutter doors, and 3 phase power.
Furthermore, Steele dale is a well-known industrial node in the south of Johannesburg. The subject property is of excellent locality as it is located.
National Routes - N12 (+-4.00km), N17 (+-4.00km)
Other Industrial Nodes - Selby (+-8.60km), Germiston (+- 9.40km), Alrode (+-10.00km)
Johannesburg CBD (+- 8.50km)
OR Tambo (+- 24.30km)
Double parking, Single parking, Tandem parking, Triple parking, Visitor parking
Height Of Roof 9 m
Height Of Eaves 6 m
Power Availability Three Phase
Cleaning service, Communal bathrooms, In-unit bathrooms
Board Rooms 12
Cleaning service, Coffee machine, Dishwasher, Sink
Domestic Rooms 12
Reception Rooms 12
Office To Warehouse Ratio 5 %
Truck Access Single Trailer
Roller Shutter Doors 24