The industrial property market in Cape Town’s Northern Suburbs is experiencing an increased demand for smaller light industrial space, reports Nicol van Wyk, leasing and sales broker for JHI properties in the Western Cape.
Van Wyk recently sold three units, each 141sqm in size, in a 17-unit complex called Goudeblom, in Brackenfell, at a total combined value of R1 million. Offering very good exposure and easy access and ideally suited as accommodation for starter businesses, the units were all acquired as investment properties. Two units were purchased by an investor who already owns a couple of units in the complex, while the third was purchased by an investor who lives in the area.
Other lease transactions recently concluded by van Wyk include 142sqm and 239sqm of industrial space let in Saxenburg and a 653sqm warehouse in Stikland which was leased by an international tow bar company. Van Wyk says the smaller space is mostly being taken up by small business owners and the larger industrial space for companies either expanding or relocating.
Factory in Paarl sold to Eco-Green
In Paarl in the Cape Winelands, van Wyk has sold a modern 1203sqm factory for just over R3 million to Eco-Green, suppliers and distributors of eco-friendly agricultural products seeking larger premises for expansion.
Says van Wyk: “Eco-Green is a well-established, family business which is flourishing. As their existing business is in Paarl, it made sense to buy in the same area, as the whole family lives in the vicinity. They also preferred to invest in their own premises than pay rent.
“The factory is located in a light industrial security complex called Riverside Industrial Park. The new owner liked the look and feel of the complex, which is very well maintained and has 24 hour security,” he says.
JHI Properties is also marketing three other units in Riverside Industrial Park, available to purchase or rent. The units are 1441, 1769 and 2477sqm in size at a purchase price of R3000 per square metre or R30 per square metre rental rate.
For further information contact Nicol van Wyk of JHI Properties on 021 4181640 or 084 906 7300.