NEW
Web Ref CL35022
POA
48 4TH
On Auction 01 July- Multi-Tenanted Industrial Investment with Longstanding Tenants | GAI ± R1.27 Mil
On Auction 01 July- Multi-Tenanted Industrial Investment with Longstanding Tenants | GAI ± R1.27 Mil
This well-positioned multi-tenanted industrial investment property comprises two distinct income-producing components, namely a warehouse and office facility together with a separate office complex. The property is strategically located within the established industrial node of Wynberg, Sandton, offering excellent accessibility to major arterial routes including the M1 highway, Marlboro Drive and Grayston Drive.
The improvements comprise a total Gross Lettable Area (GLA) of approximately 2,715m² situated on a combined erf measuring approximately 3,718m² across the properties known as 48 4th Street and 17 Chadwick Avenue. The warehouse component measures approximately 1,123m² with an internal height of approximately 5 metres, complemented by ancillary offices measuring approximately 256m². The separate office component measures approximately 655m² together with additional vacant office space measuring approximately 681m², offering future upside potential and flexibility for owner occupation or additional rental income.
The property is underpinned by two longstanding tenants, having occupied the premises for approximately 10 and 14 years respectively, with new 5-year lease extensions to be concluded expiring 31 May 2031. Both tenants are responsible for their respective water, electricity and refuse charges. In addition, both tenants have installed their own solar panel systems, inverters and backup battery power supply systems, enhancing operational efficiency and reducing the impact of load-shedding and power interruptions. The property generates a Gross Annual Income (GAI) of approximately R1.27 million.
Additional features include ample on-site and off-site parking, shade-net parking bays, Industrial 3 zoning, and multiple access points suitable for logistics, security and operational efficiency.
This property presents an attractive opportunity to acquire a strategically located industrial asset with secure long-term income, established tenants and future rental growth potential within one of Johannesburg’s most sought-after industrial precincts.
Summary of Areas:
• Erf Size: ±3,718m²
• Warehouse: ±1,123m²
• Ancillary Offices: ±256m²
• Office Component: ±655m²
• Vacant Office Space: ±681m²
• Total GLA: ±2,715m²
Property Highlights:
• GAI ± R1.27 Million
• Combined erf size of ±3,718m²
• Total GLA of ±2,715m²
• Two longstanding tenants (±10 and 14 years occupation)
• New 5-year lease extensions to 31 May 2031
• Industrial 3 zoning
• Established industrial node in Wynberg, Sandton
• Excellent access to M1 highway, Marlboro Drive and Grayston Drive
• Solar power, inverters and backup battery systems installed by tenants
• Additional vacant office space offering future upside potential
• Multiple access points and ample parking
• Secure long-term income-producing investment
This property presents an attractive opportunity to acquire a strategically located industrial asset with secure long-term income, established tenants and future rental growth potential within one of Johannesburg’s most sought-after industrial precincts.
Contact broker for a detailed investor pack.
This well-positioned multi-tenanted industrial investment property comprises two distinct income-producing components, namely a warehouse and office facility together with a separate office complex. The property is strategically located within the established industrial node of Wynberg, Sandton, offering excellent accessibility to major arterial routes including the M1 highway, Marlboro Drive and Grayston Drive.
The improvements comprise a total Gross Lettable Area (GLA) of approximately 2,715m² situated on a combined erf measuring approximately 3,718m² across the properties known as 48 4th Street and 17 Chadwick Avenue. The warehouse component measures approximately 1,123m² with an internal height of approximately 5 metres, complemented by ancillary offices measuring approximately 256m². The separate office component measures approximately 655m² together with additional vacant office space measuring approximately 681m², offering future upside potential and flexibility for owner occupation or additional rental income.
The property is underpinned by two longstanding tenants, having occupied the premises for approximately 10 and 14 years respectively, with new 5-year lease extensions to be concluded expiring 31 May 2031. Both tenants are responsible for their respective water, electricity and refuse charges. In addition, both tenants have installed their own solar panel systems, inverters and backup battery power supply systems, enhancing operational efficiency and reducing the impact of load-shedding and power interruptions. The property generates a Gross Annual Income (GAI) of approximately R1.27 million.
Additional features include ample on-site and off-site parking, shade-net parking bays, Industrial 3 zoning, and multiple access points suitable for logistics, security and operational efficiency.
This property presents an attractive opportunity to acquire a strategically located industrial asset with secure long-term income, established tenants and future rental growth potential within one of Johannesburg’s most sought-after industrial precincts.
Summary of Areas:
• Erf Size: ±3,718m²
• Warehouse: ±1,123m²
• Ancillary Offices: ±256m²
• Office Component: ±655m²
• Vacant Office Space: ±681m²
• Total GLA: ±2,715m²
Property Highlights:
• GAI ± R1.27 Million
• Combined erf size of ±3,718m²
• Total GLA of ±2,715m²
• Two longstanding tenants (±10 and 14 years occupation)
• New 5-year lease extensions to 31 May 2031
• Industrial 3 zoning
• Established industrial node in Wynberg, Sandton
• Excellent access to M1 highway, Marlboro Drive and Grayston Drive
• Solar power, inverters and backup battery systems installed by tenants
• Additional vacant office space offering future upside potential
• Multiple access points and ample parking
• Secure long-term income-producing investment
This property presents an attractive opportunity to acquire a strategically located industrial asset with secure long-term income, established tenants and future rental growth potential within one of Johannesburg’s most sought-after industrial precincts.
Contact broker for a detailed investor pack.
Features
Zoning
Industrial
Title
Freehold
Interior
Power (3 Phase)
Yes
Exterior
Security
No
Parking Bays
Open Parkings
40
Covered Parkings
7
Sizes
Floor Size
2,715m²
Land Size
3,718m²
