Entire Property For Sale, 3 Forge Road, Spartan - Warehouse Space For Sale in Spartan

1,565m² multi-unit industrial investment for sale in Spartan at R7.5m excl VAT. Three lettable units, in-place income plus vacancy and conversion upside.

Quick Property Facts

This is a multi-unit industrial investment for sale at 3 Forge Street, Ergon Park, Spartan, Kempton Park. The property offers 1,565m² of lettable area across three units of 405m², 406m², and 754m², on a total site area of 1,604m² that includes a fourth 39m² unit currently used as a paint and tool store. Two of the three lettable units are occupied and one is vacant, giving an investor in-place income with clear upside. The asking price is R7,500,000 excluding VAT. The property is zoned Industrial 1 and is available immediately to an investor.

Key Specs and Features

Each of the three lettable units is self-contained, with 100-amp 3-phase power (300 amps in total across the three), a 2.5m roller shutter door, a small mezzanine storage level, and a kitchen, toilets, showers, and storeroom. The site has a large yard with controlled access and dedicated parking per unit. The fourth 39m² unit currently houses the paint and tool store and can be converted to lettable space, adding a further income stream. Rentals exclude municipal charges, water, electricity, and VAT.

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Ideal Investment Profile

This industrial investment for sale in Spartan is directed at investors seeking a multi-unit asset with in-place income and built-in upside. Two units are currently occupied: the 405m² unit by Flexi-Span (Pty) Ltd and the 754m² unit by Claw Boots International (Pty) Ltd, both on a month-to-month basis with the tenants prepared to sign two-year and one-year leases respectively. Together the occupied units generate approximately R818,136 gross and R649,187 net per year. Fully let, including the vacant 406m² unit, the property is projected to generate approximately R1,125,072 gross and R890,859.60 net per year, with further upside available by converting the 39m² paint store to lettable space. The three-unit configuration and self-contained layouts suit light industrial, storage, distribution, and retail-dispatch tenants, spreading vacancy risk across multiple leases rather than a single occupier.

Location Highlights

Spartan is one of the most active industrial nodes on the East Rand, with direct access to the R21, R24, and N12 highway network linking businesses to Johannesburg, Pretoria, and the wider Gauteng region. OR Tambo International Airport is approximately 5km from the property, supporting tenants with freight, import, or export requirements. Rhodesfield Gautrain station is approximately 4 to 5km from the property, and the node is well served by Gaubus routes and nearby taxi facilities. Spartan's established tenant mix of engineering, manufacturing, logistics, and storage operators makes it a consistently sought-after location for industrial occupiers. Learn more about industrial property in Spartan, including transport links and available listings.

Frequently Asked Questions

What income does the property generate?

The two occupied units currently generate approximately R818,136 gross and R649,187 net per year. Fully let, including the vacant 406m² unit, the property is projected at approximately R1,125,072 gross and R890,859.60 net per year, before the additional upside of converting the paint store. All figures exclude municipal charges, water, electricity, and VAT.

Is the property fully let?

No. Two of the three lettable units are occupied and the 406m² unit is vacant, offering immediate income upside. The occupied tenants are on a month-to-month basis and have indicated they are prepared to sign one and two-year leases.

What is the asking price?

The asking price is R7,500,000 excluding VAT for the full property, comprising three lettable units and the convertible paint-store unit.

What power does each unit have?

Each lettable unit has 100-amp 3-phase power, totalling 300 amps across the three units.

Broker Insight

"Multi-unit industrial investments in Spartan that come with in-place income and a genuine vacancy to let up are uncommon, most stock trades either fully let at a keener yield or empty, so a property where an investor secures two paying tenants immediately and can drive returns by filling the 406m² unit and converting the paint store offers a value-add angle that fully-tenanted assets in the node do not," says Ewan Sharp from Anvil Property Smith.

Ready to Invest?

This property is available immediately to an investor. Contact me, Ewan Sharp at Anvil Property Smith, to discuss this 1,565m² multi-unit industrial investment for sale at 3 Forge Street, Ergon Park, Spartan, or WhatsApp me directly for the full rent roll and property information.