Underscoring the importance of accessibility of location, a fully tenanted, light industrial property in prime position in Airport Industria, close to Cape Town International Airport, has been sold for R6.25 million by Seamus Daly, JHI Properties’ leasing and sales broker in the Western Cape.
Comments Daly: “Comprising eight individual self-contained, modern industrial units of approximately 240sqm each, this well maintained investment property has been acquired by a South African investor who owns a number of industrial properties in the Cape Town area.”
Airport Industria is ideally situated just off the N2 on the one side (leading to central Cape Town) and Modderdam Road – which links to the city’s burgeoning Northern Suburbs – on the other. Known as Sky Park, this property is in a prominent position on a corner site on Manhattan Road, which is the main road through the industrial area. Fully fenced and with a gross lettable area of 2067sqm, the property is well maintained and in excellent condition.
Says Daly: “A relatively new area, Airport Industria is extremely popular, and for this reason investment properties seldom become available. It provides good access to all key routes in and around Cape Town, and with only 60 percent coverage on a site, properties cater mainly for ‘clean’ businesses such as warehousing and distribution.
Lease concluded in Airport City
In addition to the above sale Daly has also concluded a five year lease on behalf of a listed company for a 3 500sqm turnkey development at nearby Airport City, at a total lease value of approximately R15 million. Occupation of the property is in November 2013. Airport City is a newer, light industrial area located on the airport side of Borchards Quarry Road, and is also sought after among mainly medium to large users.
Adds Daly: “In this area, where space is normally at a premium, a number of modern warehouses are available to let, ranging from 2000sqm to 3000sqm. Offering facilities such as multiple loading doors, dock levellers, 6-8m in height clearance, excellent office accommodation and large yards, these are ideal for logistics, distribution, materials handling and airfreight companies.”
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