Unit 3, Apollo Square - Warehouse Space To Let in Chloorkop

A recently renovated mini-industrial park comprising of 6 units at a total GLA of 1 740 m2. The park is currently tenanted at 50.00%. This opportunity offers investors a forward NOI yield of +-10.55% (at full capacity) for a purchase price of R6.20 mn (R3 563/m2). As of 8 February 2021, the average rental rates for industrial properties across all grades in Chloorkop are estimated at approximately R 60/m². This rate appears to be reflective of the rent/m2 for industrial properties in this area ranging in size between 1 000m2 and 3 000m². The 6 units in the industrial park range in size between 282m2 and 3oom2 each having a 100 AMPS 3 phase power supply suitable for manufacturing. Located in Kempton Park, Chloorkop is a bustling industrial suburb home to various national tenants. Chloorkop is an attractive location considering its central position between Ekurhuleni and Sandton. The area adequately is predominantly populated by factories and warehouses distributed among freestanding buildings and industrial parks. The subject property itself is of great locality as it is situated in close proximity to ● Provincial Routes - N12 (+-4.00km) ● Other Industrial Nodes - Kempton Park (+-9.00km), Spartan (+- 9.00km), Isando (+-11.00km) ● Johannesburg CBD (+- 27.00km) ● OR Tambo (+- 13.00km) This is an opportunity that should not be missed! Contact me for more information regarding this investment opportunity