GLA: 1,500m2

The property which is situated within Alrode South, between Adamson and Langkloof roads.
Alrode South is an industrial area with easy access to main arterial routes and the R59 highway, surrounding properties range from heavy to light industry and trucking yards.

The property comprises of two stands; namely erf 245 and 246, held under one title deed.
The property is fully let to one tenant; a subsidiary of the Interwaste Group, which is a listed company on the Johannesburg Stock Exchange.
A five year lease is in place with a balance of 2 and a half years remaining, with an option for a further four years.

Property Improvements:

• Main warehouse with roller shutter door access to the yard and two fire escapes, also incorporated into the building are two levels of offices, a kitchenette and staff facilities.
• Second warehouse, with tyre storage area, secured goods receiving area and an administration office which has a bathroom en-suite.
• The building also has an enclosed storage area with roller shutter door access from the yard.
• Staffs change rooms which are accessible from the side of the building.
• Lastly a third building which is currently used for storage, also has offices and staff facilities.
• Electricity supply is three phase.
• The remainder of the property is open yard, which is used for the storage and supply of scrap metal.
• Facilities such as two weigh bridges, a diesel tank and stacked container offices are the property of the tenant.
• The property is fully walled with access control on all entry and exit points, and has access to both Adamson and Langkloof roads.

Income and Expenses:

· Tenant Names - Interwaste (Pty) Ltd
· Net monthly rentals - R22 000.00
· Gross Monthly Rentals - R26 000.00
· Escalations - 10%
· Lease periods - 5 Years
· Renewal options - 4 Years
· Turnover clauses - None
· Parking rentals – None

Expenses - Rates and Taxes - R4,000/month

Net Annual Income - R264,000