Warehouse Space 25 Verbena Street, Paarden Eiland

25 Verbena Street presents a rare opportunity to acquire a fully-let, income-generating industrial asset in the heart of Paarden Eiland—Cape Town’s most resilient and well-connected industrial precinct. With four established tenants in place, long-term leases secured, and consistent rental income above R5.9 million per annum, this 5,663m² freehold property is a dependable, high-yielding investment—backed by both operational strength and future upside potential.

Positioned just five minutes from Cape Town’s CBD and within direct reach of the harbour and arterial roads like the N1 and Marine Drive, this property benefits from its strategic industrial location. The site comprises a mix of functional warehousing and office space, supported by a secure yard and forecourt. Each tenant is independently accessed and enjoys solid infrastructure, making this a versatile multi-let investment with minimal vacancy risk.

The current tenancy mix includes reputable names such as Industrial Gas Namibia, Ashanti Design, and Lights by Linea—each with a proven operational history and long-term lease commitments. Net annual income stands at approximately R4.72 million, translating to a yield of ±7.3% on the asking price of R65 million. Zoned for light industrial use, and with land value underpinned by recent node upgrades—most notably the Maritime Place development—this asset holds substantial long-term redevelopment or intensification appeal.