Warehouse Space 56 Mullet Road, Wadeville

Industrial factory for sale in Wadeville

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The GLA not only comprises of the factory but also office space. In addition to this, the investment opportunity also earns additional income through a Vodacom cell tower situated on site. It is estimated that this investment property obtains an average rent/㎡ that is more or less in line with the area market rate at +- 2.00% above market averages. Overall, the area has achieved a 2.40% five-year compounded annual growth rate in average sales prices, making it an attractive entry point.

Wadeville is a mature and formidable industrial node and as such, it is no surprise that enterprises such as Coca-Cola Beverages South Africa, Pioneer Foods, and Consol have settled within the area’s boundary lines. The area is serviced by a great road network which in addition to the great locality of this investment opportunity allows for ease of access to noteworthy business districts, industrial nodes, airports, and transport links such as; M53 (+- 850 meters), N17 (+- 2.50 km), Alrode Industrial Node (+- 9.30 km), OR Tambo International Airport (+- 23 km), Johannesburg CBD (+- 21 km).

Building Description

Warehouse to let in Wadeville This industrial factory investment opportunity currently obtains a long-term lease of over 7 years with a blue-chip single tenant whereby they occupy the full gross lettable area (“GLA”) of 5 524m2. At a purchase consideration of R28 million (R5 070/ m2) this investment opportunity offers investors a historical NOI yield of 10.00%. Get in touch with me for any further information you require regarding this property!