The site measures c.1.87 ha. The buildings on the site offer a current Gross Lettable Area (“GLA”) of 6,877 sqm made up of A-grade warehouse and ample office space. The site is effectively split into two setions, with the western portion providing a large tract of developable land/bulk. The warehouse component measures c.4.600 sqm and the office section c.2,300 sqm.
There are two access points to the Property; the primary access is on the northern perimeter off Berne Street. The secondary entrance is located on the southeast .corner of the property at the intersection of Loper Avenue and Brussels Road.
In addition, there are numerous on-site amenities including:
- New fire detection & sprinkler systems (currently being upgraded to highest specifications)
- New water tanks and pump system (2 years old with tanks holding 418,000 litres each)
- Gated entrances with access control (at both entrances)
- Ample parking (77 total bays with 52 carport 25 open bays)
- Generator (220 kVA)
- CCTV and security room
- High-grade racking system with integrated sprinkler systems (offering space for 3,163 pallets and 2,216 bin locations) - included in the transaction
The Property is strategically located in the Spartan node, close to Oliver Reginald (O.R) Tambo International Airport. The node is surrounded by large pools of labour and easily accessible via the R24, via the busy Barbara Road off-ramp. The property is 4.0 kilometers (km) from the Kempton Park Central Business District (CBD).
OPPORTUNITY WITH VALUE-ADD POTENTIAL
The Property is ideally suited to owner-occupiers looking to own their own distribution warehouse or investors seeking a value-add opportunity through securing a tenant and/or developing the available bulk on the site.
PROMINENT ON-SITE AMENITIES
Measuring circa (c.) 1.87 hectares (ha.), the site offers a mix of A-grade warehouse, office, and a significant extra portion of developable land/bulk. Recently, in preparation for the sale and to adhere to global best practice, the site has been serviced with a new state of the art fire detection and sprinkler system as well as new pumps and tanks.
RESILIENT ASSET CLASS IN A STRONG NODE
Spartan is a well-known and established industrial area which enjoys low vacancies and continues to attract major international and regional occupiers, predominantly due to its proximity to the largest and busiest airport in South Africa, as well as its access to major highways that link Johannesburg and Pretoria.
Pepler Sandri (MRICS)
Director: Capital Markets
T +27 11 507 2200
M +27 82 445 5496
Analyst: Capital Markets
T +27 11 507 2200
M +27 83 230 4911