Web Ref CL14264
R4,450,000
Upper East Side 3 Upper East Side
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Monthly Levy
R18,293
R18,293
Monthly Rates
R5,705
R5,705
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.
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.
Features
Building Name
Upper East Side
Zoning
Industrial
Title
Sectional
Interior
Air Conditioning
Yes
Power (3 Phase)
Yes
Power (Amps)
180
Exterior
Security
Yes
Parking Bays
Open Parkings
6
Sizes
Floor Size
490m²
Land Size
740m²
STREET MAP
STREET VIEW
