NEW
Web Ref CL35124
POA
50 Richard
On Auction – 25 November | Fully Let Industrial Investment | GAI ±R1.08 Mil
An excellent opportunity to acquire a fully let industrial property in the established and secure Industria North industrial node, comprising approximately 1,843m² of GLA on a 1,583m² erf.
Strategically positioned within a well-established industrial precinct, the property benefits from easy access to the N1 highway and major surrounding arterial routes, providing convenient connectivity for logistics, distribution, staff and customers. Industria North is an established industrial node with a strong concentration of manufacturing, warehousing and logistics operations.
The property offers substantial workshop and warehouse space, offices, staff facilities and parking, with access from both Richard Road and Banfield Road.
The split-level workshop configuration, with the upper-level workshop accessed from Richard Road and the lower-level workshop accessed from Banfield Road, provides excellent operational flexibility. The workshops are internally connected, allowing the property to accommodate a single occupier requiring the full facility or, subject to the purchaser's requirements, potentially two separate tenants.
With an established tenancy history exceeding 10 years, the property provides an existing income stream and the opportunity to negotiate a new long-term lease with the current tenant.
PROPERTY HIGHLIGHTS:
• Erf Size: ±1,583m²
• Total GLA: ±1,843m²
• Zoning: Industrial 1
• Power Supply: 600 Amps
• Dual Road Access: Richard Road and Banfield Road
• Established and secure industrial node
• Easy access to the N1 highway and major arterial routes
• Internally connected, split-level workshops
• Flexible configuration for one or two tenants
• Fully let, income-producing property
• Longstanding tenant of 10+ years
• Net Annual Income (NAI): ±R413,555 per annum
BUILDING CONFIGURATION:
• Upper-Level Workshop: ±1,029m², accessed from Richard Road
• Lower-Level Workshop: ±552m², accessed from Banfield Road
• First-Floor Offices: ±180m²
• Ground-Floor Offices: ±50m²
• Staff Ablutions and Change Rooms: ±32m²
Additional facilities include offices, kitchen facilities, bathrooms, showers, storage areas and staff amenities.
INVESTMENT OPPORTUNITY:
An established industrial investment offering immediate income, substantial workshop space, a 600-amp power supply, dual road access and a versatile split-level configuration.
The property's location within the established Industria North industrial node, together with easy access to the N1 highway and surrounding arterial routes, enhances its appeal for industrial, manufacturing, warehousing and distribution users.
The internally connected workshops provide flexibility for a single occupier or potentially two separate tenants, offering an opportunity to optimise the property's future income profile.
Contact the broker for a detailed investor pack and further information.
Strategically positioned within a well-established industrial precinct, the property benefits from easy access to the N1 highway and major surrounding arterial routes, providing convenient connectivity for logistics, distribution, staff and customers. Industria North is an established industrial node with a strong concentration of manufacturing, warehousing and logistics operations.
The property offers substantial workshop and warehouse space, offices, staff facilities and parking, with access from both Richard Road and Banfield Road.
The split-level workshop configuration, with the upper-level workshop accessed from Richard Road and the lower-level workshop accessed from Banfield Road, provides excellent operational flexibility. The workshops are internally connected, allowing the property to accommodate a single occupier requiring the full facility or, subject to the purchaser's requirements, potentially two separate tenants.
With an established tenancy history exceeding 10 years, the property provides an existing income stream and the opportunity to negotiate a new long-term lease with the current tenant.
PROPERTY HIGHLIGHTS:
• Erf Size: ±1,583m²
• Total GLA: ±1,843m²
• Zoning: Industrial 1
• Power Supply: 600 Amps
• Dual Road Access: Richard Road and Banfield Road
• Established and secure industrial node
• Easy access to the N1 highway and major arterial routes
• Internally connected, split-level workshops
• Flexible configuration for one or two tenants
• Fully let, income-producing property
• Longstanding tenant of 10+ years
• Net Annual Income (NAI): ±R413,555 per annum
BUILDING CONFIGURATION:
• Upper-Level Workshop: ±1,029m², accessed from Richard Road
• Lower-Level Workshop: ±552m², accessed from Banfield Road
• First-Floor Offices: ±180m²
• Ground-Floor Offices: ±50m²
• Staff Ablutions and Change Rooms: ±32m²
Additional facilities include offices, kitchen facilities, bathrooms, showers, storage areas and staff amenities.
INVESTMENT OPPORTUNITY:
An established industrial investment offering immediate income, substantial workshop space, a 600-amp power supply, dual road access and a versatile split-level configuration.
The property's location within the established Industria North industrial node, together with easy access to the N1 highway and surrounding arterial routes, enhances its appeal for industrial, manufacturing, warehousing and distribution users.
The internally connected workshops provide flexibility for a single occupier or potentially two separate tenants, offering an opportunity to optimise the property's future income profile.
Contact the broker for a detailed investor pack and further information.
Features
Zoning
Industrial
Title
Freehold
Interior
Power (3 Phase)
Yes
Power (Amps)
600
Exterior
Security
No
Sizes
Floor Size
1,843m²
Land Size
1,583m²
