R20,900,000 | 1,494m² Warehouse For Sale in Firgrove Industrial Estate

Industrial Investment Summary: High-Yield Multi-Tenant Property

Property Overview
- Type: Industrial Property with Multiple Tenants
- Total Lettable Area: 1,493 m²
- Land Size: 2,360m²
- Configuration:
- Unit 1: 500 m2
- Units 2: 500 m2
- Unit 3: 441 m2

- Eave Hight: 7m height
- Completion Date: October (Last Year)
- Title: Full Title with Sectional Title Subdivision Potential

- Power Supply: 450 amps 3-phase (highest available in the area)

Rental Breakdown
Unit 1:
- Tenant: Private Tenant
- Monthly Rent: R45,000 (excl. VAT)
- Lease Term: 1 Year (Tenant has indicated renewal interest)
- Utilities: Paid by Tenant
- Escalation Potential: Opportunity to adjust to market rates in Q1 2026 (potentially >8%)

Units 2 & 3:
- Tenant:ed
- Monthly Rent: R90,000 (excl. VAT)
- Container Rental (14 units): R10,000/month (excl. VAT)
- Lease Term: 3-Year Fixed Lease
- Total Income (Units + Containers): R100,000/month

Container Rentals (General):
- Total Containers: 32 (30 used for conservative estimate)
- Current Monthly Rental: R1,050 per container (excl. VAT)
- Market Rate Opportunity: Current rates are below market, allowing for increased revenue
- 3 Store Rooms (Top Floor), tenanted

Financial Snapshot
- Total Annual Rental: R2 029 800
- Total Annual Expenses: R155 650
- Nett Income: R1 874 140
- Yield: 8.97 %

Investment Highlights
- Multi-tenant income with stable leases in place
- Below-market container rentals offer upside
- Excellent quality tenants
- Opportunity to escalate Unit 1 rent to market in 2026
- Additional yield potential from store rooms
- New construction with high electrical capacity
- Flexible ownership: Subdivision and future resale/hedge options

Call us for further info, or to schedule a viewing!