Warehouse Space 42 Stanhope Road, Malvern East, Cleveland

Multi-Tenanted Mini-Industrial Park for Sale

0 |

A B-grade multi-tenanted mini-industrial park located in Malvern for sale, consisting of +- 20 units spread over a total GLA of +-12 000m2. The mini-industrial park is currently tenanted at 76% producing a forward NOI yield of 8.58% (13.47% if fully tenanted) at an asking price of +-R10.50 million (R875/m2).
Malvern east is a mixed-use area located in the south east of Johannesburg CBD. Malvern is predominantly an industrial area of which most industrial properties are concentrated along the southern side of the west to east arterial route of Stanhope Road.
The subject property is located approximately 3.17km away from the M2 highway, 5.7km away from Denver, 7.9km away from Germiston, 11.25km away from Johannesburg CBD and 14.47km from the N3 eastern bypass highway.
Get in touch with me for any further enquiries regarding this investment opportunity.

Building Description

42 Stanhope Road in Malvern is a large industrial warehouse building with units for rent. The property is made up of 4 blocks. There are units ranging in size from approx 100sqm up to 600sqm. The property is well secured and well maintained. Access to the N12 and N3 highway can be made in just minutes from this address.