INVESTMENT: Immaculate And Highly Secure Industrial Food Prepration Unit

This Stylish open-plan sectional title unit is primely situated in the Upper East Side Precinct. The unique space boasts electric roller-shutter access, 180 amps of 3-phase power, high ceilings, sealed screed flooring and modern raw industrial finishes. The unit also enjoys 250sqm exclusive use of a large paved yard/recreation area directly outside the unit, 24-hour security, ample secure parking and fibre access. The unit is also positioned on Pickwick Street at the rear of the development, making easy access away from the hustle and bustle of the centre possible.

There is a lease in place with a well-established bakery. The tenant has signed a 3-year renewal agreement. The basic terms of the lease renewal are as follows: a 3-year lease that commences on 1 December 2025 and terminates on 30 November 2028, with the rental starting at R58,880 Excl VAT and an 8% escalation going forward, WHICH EQUATES TO A 9.15% RETURN/YIELD in the 1st year. This recently rejuvenated node in Salt River is highly sought after given the atmosphere and creative hub, rapid access to all major roads and close proximity to the CBD. For more information, please get in touch with me.