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R120,000,000 | 12,341m² Warehouse For Sale in Killarney Gardens

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R120,000,000

54 Killarney Ave

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Monthly Rates
R85,135

Warehouse for sale in Killarney Gardens

Industrial Property for Sale as Investment with 10 Years Triple Nett Leaseback:

Portion 1:

• Approximately 24,000 m2 of land with a guardhouse.
• 1213m2 three-story office block with reception area, offices, boardroom, ablution, and kitchen.
• 77 parking bays, 56 of which are covered with shade net.
• This portion has a large vacant area which can be developed, and because the bulk on the entire site is so low, you will be able to build on a large portion of it.
• It also has a Vodacom Tower on it generating an additional monthly income of R13,000 per month.

Portion 2:

• 9527 m2 GLA buildings on approximately 34,000 m2 of land.
• The tenant, who is part of a listed company, is prepared to enter a 10 years triple nett leaseback on this portion at approximately R700,000 monthly rent excluding VAT.

Improvements on this Portion 2 include:

• Large warehouse space consisting of three double-volume warehouses with a double-storey office component inside the warehouse, ablution facilities, staff rooms, and kitchen.
• The warehouse offers 22 roller shutter doors with 7 dock levellers.
• Two stores, workshop, laboratory, and a shed.
• Most of the yard is under concrete and is mainly used for a storage area.
• 800 amp power supply.
• 24 hrs manned security.

Features

0
Zoning
Industrial
Title
Freehold
Interior
Power (3 Phase)
Yes
Power (Amps)
800
Exterior
Security
Yes
Sizes
Floor Size
12,341m²
Land Size
58,443m²
1
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