Web Ref No COM21490

We are pleased to offer a prime investment opportunity in Maitland, a well-established industrial area with strong demand for versatile properties. This property, priced at R6,850,000, provides a generous 1,365m² ERF, which includes 850m² under roof and an additional 312m² yard—an exceptional asset in this location. The property’s strategic positioning and size make it an attractive option for investors looking for long-term value and high yields.

Financially, the property offers impressive returns with a current monthly income of R57,098 and an 8.5% rental escalation in April, boosting future returns. Post-escalation, the CAP rate exceeds 9%, ensuring a solid return on investment. The property is zoned MU2, offering flexibility for various uses and future development. With a weighted average lease expiry (WALE) of 1.5 years, this asset provides stability while presenting opportunities for renegotiation or new tenants. The property’s low holding costs—rates at R5,289, insurance at R2,000, and maintenance at R2,900—make it an efficient investment. Given the high demand for industrial properties with yard space in Maitland, this property is poised for strong rental growth and value appreciation. This is an ideal buy-and-hold investment for those looking to capitalize on both stable cash flow and potential capital growth.