Commercial space in Kya Sands

Details

Industrial 2 Warehouse & Offices | 1,589m Stand | Tenanted Investment | Kya Sand Offers From R4 000 000 will be negotiatedOwner asking R5 500 000Secure, income-producing industrial property in Kya Sand, Randburg. The 778m building of warehouse and double-storey offices sits on a 1,589m stand and is let to an established tenant on a 5-year lease running to 30 September 2030.Current gross rental is R52,418.02 per month about R629,000 per annum, escalating at 7 per annum to R68,709.33 per month in the final year. The gross rental includes the tenant''s pro-rata share of rates and building insurance. There are no management or caretaker fees.The warehouse has 6.15m clearance to eaves and a roller shutter door, and the offices are air-conditioned. Power is 3-phase 80A with a 40kVA generator for business continuity. The yard has 15 parking bays, and the property is protected by an alarm system, CCTV and armed response.Zoned Industrial 2, the property allows industrial, commercial and business use, shops, public garages and builders'' yard or building material storage. With consent use, it also suits a place of worship or institution, as it is used today.Ideal for investors seeking secure, escalating rental income, or for owner-occupiers planning ahead for 2030.Key features:Stand size: 1,589mBuilding GLA: 778mZoning: Industrial 2Parking: 15 baysPower: 3-phase, 80AGenerator: 40kVAHeight to eaves: 6.15mRoller shutter doors: 1Air-conditioning in officesSecurity: alarm, CCTV, armed responseLease: 5 years to 30 Sep 2030Gross rental: R52,418.02 per month year 1Escalation: 7 per annumManagement and caretaker fees: none.

Location