NEW
EXCLUSIVE MANDATE
Web Ref CL35003
On Tender 15 June 2026: Prime Industrial Asset with Significant Upside
On Tender 15 June 2026: Prime Industrial Asset with Significant Upside
Property Overview
Situated on a prominent and accessible site, the property comprises a freehold industrial facility with a gross lettable area of approximately ±4,400 m², set on an erf of ±5,222 m².
GLA: ±4,400 m²
ERF Size: ±5,222 m²
Zoning: Commercial 2
Configuration: Warehouse, office components & mezzanine levels
Access: Dual access via Elliot Street and Kingston Road
The layout includes expansive warehouse areas complemented by ancillary office and mezzanine space, allowing for multi-tenancy or single-user occupation.
Income & Value-Add Profile
The property currently reflects a partially let income stream, with clear opportunity to unlock value:
Occupancy: ±34% let / ±66% vacant
The high vacancy level presents a compelling repositioning opportunity, enabling investors to significantly enhance income through:
Lease-up strategies
Tenant mix optimisation
Potential refurbishment or reconfiguration
Zoning & Usage
The property is zoned Commercial 2, permitting a wide range of uses including:
Commercial and industrial activities
Warehousing and distribution
Ancillary office and support functions
This flexible zoning enhances the property’s adaptability to multiple industrial and commercial user profiles.
Location & Accessibility
Positioned within a well-established industrial and commercial precinct, the property benefits from:
Excellent connectivity to major arterial routes (N12 corridor)
Proximity to key industrial users and logistics activity
Easy access for heavy vehicles and distribution operations
A central position within Kimberley’s broader economic node
Kimberley remains a key regional hub, supporting government, mining, logistics, and commercial activity.
Key Investment Highlights
Large-scale industrial facility (±4,400 m²)
Significant vacancy upside (±66%)
Flexible Commercial 2 zoning
Dual access and good yard functionality
Strategically located within an established industrial node
Attractive entry-level income with strong growth potential
Opportunity
This asset is ideally suited to:
Value-add investors targeting leasing and repositioning upside
Owner-occupiers seeking a large, well-located facility
Funds looking to acquire industrial stock at an attractive basis
Summary
A high-potential industrial asset offering scale, flexibility, and a clear path to value creation.
With substantial vacancy to unlock and a strategic location within Kimberley’s industrial landscape, this property presents a compelling opportunity to drive income growth and long-term capital appreciation.
Property Overview
Situated on a prominent and accessible site, the property comprises a freehold industrial facility with a gross lettable area of approximately ±4,400 m², set on an erf of ±5,222 m².
GLA: ±4,400 m²
ERF Size: ±5,222 m²
Zoning: Commercial 2
Configuration: Warehouse, office components & mezzanine levels
Access: Dual access via Elliot Street and Kingston Road
The layout includes expansive warehouse areas complemented by ancillary office and mezzanine space, allowing for multi-tenancy or single-user occupation.
Income & Value-Add Profile
The property currently reflects a partially let income stream, with clear opportunity to unlock value:
Occupancy: ±34% let / ±66% vacant
The high vacancy level presents a compelling repositioning opportunity, enabling investors to significantly enhance income through:
Lease-up strategies
Tenant mix optimisation
Potential refurbishment or reconfiguration
Zoning & Usage
The property is zoned Commercial 2, permitting a wide range of uses including:
Commercial and industrial activities
Warehousing and distribution
Ancillary office and support functions
This flexible zoning enhances the property’s adaptability to multiple industrial and commercial user profiles.
Location & Accessibility
Positioned within a well-established industrial and commercial precinct, the property benefits from:
Excellent connectivity to major arterial routes (N12 corridor)
Proximity to key industrial users and logistics activity
Easy access for heavy vehicles and distribution operations
A central position within Kimberley’s broader economic node
Kimberley remains a key regional hub, supporting government, mining, logistics, and commercial activity.
Key Investment Highlights
Large-scale industrial facility (±4,400 m²)
Significant vacancy upside (±66%)
Flexible Commercial 2 zoning
Dual access and good yard functionality
Strategically located within an established industrial node
Attractive entry-level income with strong growth potential
Opportunity
This asset is ideally suited to:
Value-add investors targeting leasing and repositioning upside
Owner-occupiers seeking a large, well-located facility
Funds looking to acquire industrial stock at an attractive basis
Summary
A high-potential industrial asset offering scale, flexibility, and a clear path to value creation.
With substantial vacancy to unlock and a strategic location within Kimberley’s industrial landscape, this property presents a compelling opportunity to drive income growth and long-term capital appreciation.
Features
Zoning
Industrial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
4,400m²
Land Size
5,222m²
