Property Summary
- Title:AAA Grade Tenant Industrial Property For Sale
- Ref no:Sky49
- Province:Gauteng
- Type:Industrial
- Area:Wadeville
- Price:R14,800,000
Property Images
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Property Details
| GLA (gross lettable area) (m2) | : 4,160 |
| Gross Rental Income (R) (p.m) | : 125,760.00 |
| Listing Date | : 2 Jul, 2010 |
| Zoning | : Industial |
Property Information
GLA: 4,160m2
This incredible investment opportunity is located in the prominent industrial node of Wadeville.
Property Type : B+ Grade Industrial/Warehouse
Property Details:
- GLA - 4160m2
- Vacancy - fully let
- Forward Net Income - R1.5m per annum
- Gross Rental - R33/m2
- Escallations - 10% per annum
- Market Rental - R38-40/m2
- Lease Expiry - 28 Feb 2013
- Special amenities - High power; Various gantry cranes ( 3 x 5 ton, 1 x 1 ton, 1 x 10 ton)
The anchor tenant of the proprty is Weir Minerals. Weir Minerals is a subsidiary of the Weir Group PLC which is a listed company on the UK FTSE 100.
Tenant profile:
Tenant name: Weir Group PLC:
Weir employs over 9,000 people worldwide across three divisions focused on their key market sectors, with closely aligned, independently successful companies, each with leading brand name products. Their key market segments include mining; oil and gas; power and industrials.
Weir Minerals delivers end-to-end solutions for mining, transportation, milling, processing and waste management activities.
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