Warehouse Space 54 First Street, Booysens Reserve

Neat 9170m2 Fully tenanted warehouse for sale - Booysens Reserve

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This investment opportunity consists of 9 170m2 of GLA sectioned into 6 units that comprise of a mix of industrial and office space. The purchase consideration of +-R 26.00mn results in a price per m2 rate of +-R 2 835/m2 which is slightly lower than the area's average rate of +- R3 250/m2 across a variety of industrial property sizes and grades. This investment offers a forward NOI yield of +-10.00% (at its current occupancy of +- 90.00%) or +-11.43% when let at full capacity. The site offers great features such as parking, multiple roller shutter doors as well as 3 phase power. Booysens Reserve is a highly industrial node in the City of Johannesburg Metropolitan Municipality and is serviced by a great quality road network, namely Booysens Road, the M1 and N1 which are situated approximately 2.10km, 2.70km and 7.40km from the subject property respectively and allow for accessibility to key locations such as: • Central Business Districts – Johannesburg CBD (8.40km), Rosebank CBD (14.60km), Sandton CBD (20.30km) • Other Industrial Nodes – Crown (2.40km), Selby (4.00km) • OR Tambo International Airport (33.00km) The general Booysens area has experienced an estimated 8.00% five-year compounded annual growth rate for average sold prices in the area. Contact me for additional inquiries you may have regading this investment opportunity.

This warehouse is an investment opportunity of a lifetime located in Booysens Reserve. The warehouse is a fully tenanted building with multiple tenants all on long term leases as well as the warehouse could be used by an owner occupier. The warehouse offers 3 floor of offices with large warehousing and each unit has its own entrance.There is 3 phase power and multiple roller shutter doors.

Please do contact me to not miss out on this opportunity.