Industrial Property For Sale in Pinetown

Property description

For Sale: Prime Tenanted Industrial Warehouse in Westmead, Pinetown

Discover an exceptional investment opportunity with this tenanted industrial warehouse located in the thriving industrial hub of Westmead, Pinetown. This property offers not just immediate rental income but also potential for future growth and stability, making it an ideal addition to any investment portfolio.

The current tenant has been occupying the premises for just over a year and has demonstrated their commitment by signing a lease extension for an additional year. This offers the incoming purchaser flexibility and a seamless transition of ownership. Furthermore, the tenant is open to negotiating a longer-term lease with the new owner, providing a stable and secure rental income stream.

The property boasts a generous Gross Lettable Area (GLA) of 778m², thoughtfully designed to accommodate both office and warehouse needs. The office component features an open-plan area complemented by two private offices, its own ablution facilities, and a convenient kitchenette. For the warehouse component, separate offices and ablutions ensure functional and efficient operations.

Equipped with 100 amps of 3-phase power, this warehouse is well-suited to support various industrial activities. Ample parking is available in the common area situated in front of the unit, ensuring convenience for both staff and visitors.

With a projected yield of 9.57%, this property not only promises solid returns but also offers a strategic foothold in one of Pinetown's most sought-after industrial zones. Don't miss out on this rare opportunity to secure a tenanted asset in a prime location. Contact us today for further details and to arrange a viewing.