Industrial Property for sale in Thornton. Tenanted investment property. In addition, a new 4 year lease is in place. The Property consists of modern industrial factory/ warehousing totalling approximately 820m². This is the entire building.
The net income from this property offers a net yield of 7,5% on the asking price. As a result of the good location, modern construction and the good tenant, this will be a very good long-term investment.
Two roller shutter doors open up onto the enclosed yard area. This warehouse is of a very high standard. Also, the materials and structure of the building are of new specifications, thus ensuring these premises will be desirable for many years to come. Most noteworthy, the facilities include a large backup generator. This generator can power a significant portion of the building for many hours should a power failure occur. There is ample parking for business vehicles and private cars. The entire property stands alone and is therefore, a sought-after investment grade property.
The property is situated on Thor Circle in Thornton. Across the road from Epping 1 and the Cape Town Market. The buildings are also more modern in construction and are perceived to be more exclusive than those in Epping. There are no buildings with asbestos roofing in this neighbourhood, thus attracting the better tenants and businesses who strive for better buildings with better facilities. Therefore, various significant companies have relocated to Thor Circle. Examples of such enterprises are Bidvest and Senior Flexonics. Most of all, they love this location.
Industrial Property for sale in Thornton
Type: For Sale
Rentable Area: 820.00 m²