Well Appointed Double Volume Property Comes to Market
Own your own piece of prime industrial property in Springfield, perfectly located for both logistics and manufacturing. This property has a GLA of ±8,000m2 and an ERF of 13,838m2 and is zoned as Industrial 3. Features include double-volume warehouses, 2 lifts, 5 gantry cranes and roller shutter doors. It boasts 24-hour security and a 3-phase power supply that includes a generator. The office space portion of the property comprises 1,911m2 while the double-volume warehouses offer a generous 5,955.7m2. This property offers investors a projected net annual income of R1,710,768 and the opportunity to benefit from a strategic location that ensures smooth operations and efficient logistics.
Our thoughts on this property
A comment from Guy Dowding, Joint Managing Director for Galetti Auction on this property: “This property offers a unique investment potential in that it offers the opportunity for redevelopment while tenants can take advantage of the well-appointed premises to engage in engineering training, storage, and manufacturing – all under one roof. Tenants can also benefit from a well-established infrastructure and the peace of mind that comes with round-the-clock security monitoring.”
Registered Owner: Schindler Lifts South Africa (Pty) Ltd
Registration Number: 1949/032755/07
VAT Registered: Yes
Want to place your bid?
Register to join us at our not-to-be-missed auction on 14 September 2023! The auction starts at 12PM at Summer Place, Hyde Park.
Find out more about this property https://galetti.bidwrangler.com/ui/auctions/97220?query=springfield
