Warehouse Space 6 Wall Street, Park Central, Selby, Selby

100% Tenanted Mini-Industrial Park for Sale

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This property consists of 6 purpose-built mini-warehouse units ranging in size between 433m2 and 1 404m2. The industrial units consist of warehouse, office, and yard space.

Situated in the South of Johannesburg, Selby is a conveniently located area in close proximity to popular areas being Booysens, Crown Mines, Amalgam, and the Johannesburg CBD. The area is easily accessible via the M1 Highway and is approximately 3.50km 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 highway (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

A B-grade multi-tenanted mini-industrial park for sale in Selby, consisting of 6 mini-warehouse units, office, and yard space spread over a total GLA of 4 406m2. The mini-industrial park is currently 100% tenanted 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 +-9.24% at an asking price of R13.30 million (R3 019/m2).