Warehouse Space 11 Broad Street, Park Central, Johannesburg, Selby

Multi-Tenanted Mini-Industrial Park for Sale

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A B-grade multi-tenanted mini-industrial park for sale in Selby, consisting of 13 mini-warehouse units, 2 storage units, office and yard space spread over a total GLA of 6 393m2. The mini-industrial park is currently tenanted at 58.00% occupancy with an average lease length of 2 years. The current rentals in the property are in line with market-related rentals in Selby and annual escalations are at 7.00%. The property produces a forward NOI yield of +-6.79%. If fully tenanted, the property produces a forward NOI of +-15.73% at an asking price of R12.80 million (R2 002/m2).

This property consists of 13 mini-warehouse units ranging in size between 54m2 and 2 641m2 and 2 storage units spread across multiple levels. Each unit consists of warehousing, office and yard space available for ground floor units.

Situated in the South of Johannesburg, Selby is a conveniently located area in close proximity to popular areas Booysens, Crown Mines, Amalgam and Johannesburg CBD. The area is easily accessible via the M1 highway and is approximately 3.5km from Johannesburg city center. Because of its locality, Selby is a highly sought-after area for industrial property owners and tenants. Within the Selby area, available units range from mini-factories in secure business parks to large freestanding industrial properties, distribution centers, offices, factories, storage units, warehouses and spacious yards.

Furthermore, Selby is in close proximity to various points of interest that include; the M1 metropolitan route(0.50km), Crown Mines (2.30km), Booysens (3.00km), Amalgam (3.70km), Johannesburg CBD (3.50km) and OR Tambo International Airport (32.80km).

This is an opportunity that should not be missed! Contact me for more information regarding this investment opportunity.

Building Description

This is a B-grade free standing well looked after property on 11 Broad Street in Park Central, Johannesburg. This multistory building is well secured with automated gates to access the front and back sections of the property. Park Central is close to major highways like the M2 and M1 and also sits on the iconic mine dumps of Johannesburg which gives it magnificent views of Johannesburg CBD. The building is close to Booysens Road and Eloff Extension Street which are major bus and taxi routes. The area is also serviced by passenger trains with Faraday and Village Main train stations a few minutes walk away.