R14,420,000 | 2,591m² Warehouse For Sale in Spartan

Discover a prime industrial property in the well-established Spartan area of Gauteng, located just 4km west of OR Tambo International Airport. This strategic location offers seamless connectivity to major routes, including the R24 and R21 arterial roads via the Barbara Road intersection. The property comprises two distinct premises, 56 Loper and 58 Loper, each designed to meet diverse industrial needs. 58 Loper features a spacious warehouse with eaves heights of 3.5 to 5.5 meters, equipped with two large roller doors for efficient logistics. This site also includes a generous office space with excellent natural lighting, a mezzanine area, and both covered and open parking bays. With a robust electricity supply of 250 amps, it is ideal for various industrial operations.

56 Loper is currently leased by Hydradrive, with a renewed 12-month lease expiring in May 2025, ensuring stability and continuous income. Meanwhile, 58 Loper is occupied by PRL Logistics, secured with a three-year lease. The total gross leasable area (GLA) of the combined properties is 2,591 m², fully occupied as of July 2024. Both properties boast 100% occupancy and a weighted average lease expiry (WALE) of 1.7 years, offering a solid investment opportunity. With an average rental escalation of 7.5%, this property promises steady revenue growth. For further details and to arrange a viewing, contact Gary Katzen, your dedicated property practitioner at Byron Thomas Industrial and Commercial Division. (Burs)