Airport Property

Industrial Property Specialists in Cape Town, South Africa

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Airport Property sells offices and yard in Montague Gardens for R 6 Million

June 26, 2017 By Guy de la Porte

Montague Gardens industrial property

Airport Property has sold unique industrial property with excellent development potential in Montague Gardens for R 6 Million.

The property is let to an international tenant with the lease expiring in two years time. Based on the contractual rental, the net initial yield is 9.8%.  The property has been sold to a building company who intends to redevelop and occupy the property in the future. The property lends itself to redevelopment in that a warehouse can be erected behind the office block, allow for either a single unit with a central office block and separate receiving and dispatch doors or two smaller units.

Investment properties are in high demand in Montague Gardens which is one of Cape Town’s most popular areas for warehousing, distribution and service businesses. Montague Gardens is situated in the rapidly growing West Coast growth node. More details on this property can be viewed here

Filed Under: Deals Concluded, News Tagged With: investment property, Montague Gardens

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"You will save a lot of time by dealing with an experienced, local market specialist. Talk to me before renting, buying or selling industrial property in Cape Town" Guy de la Porte

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~Sean

 

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Tel 021-380-1111

17 Manhattan Street
Airport Industria
7490

AnonymousAirport Property specializes in the central industrial areas of Cape Town which are located in the quadrangle between the N1 & N2, M5 & R300 Motorways. My primary area of focus is the Airport Industrial area then Epping, Maitland, Ndabeni, Parow and Bellville with a further focus on warehousing, distribution and logistics sales and rentals. I am also very active in tenanted investment property sales. With an established network of trusted associates, I am able to assist you with any of your industrial property needs in the greater Cape Town industrial areas including Montague Gardens, Brackenfell, Brackengate, Killarney Gardens, Rivergate & Richmond Park. Read More…

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Disclaimer:

All information herein is from sources deemed reliable but no warranty is made as to the accuracy, and same is submitted subject to errors, omissions, prior sale, rental or withdrawal without notice. All sizes are approximate and monetary values exclude VAT.