AUCT-002168 | On Auction

High Income Investment Industrial Property Park, Wadeville, Johannesburg

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    2024-04-25 11:00:00
    High Income Investment Industrial Property Park, Wadeville, Johannesburg

    Multi Tenanted Industrial Property Park. 105 Nagington Road, Wadeville, Germiston

    Extent: ± 21 497 m² | GLA: ± 11 113 m² | High income investment | Multi-let industrial park with upside potential | Versatile mini and medium-sized units enhancing marketability | Hard yard with ample thoroughfare for delivery vehicles | Access controlled entrance

    Wadeville, Gauteng


    This lucrative industrial investment is located in an important, established industrial suburb of Ekurhuleni, known as Wadeville. The historic hub is home to multi-national, blue chip conglomerates with the typically substantial power available in the node and its strategic location in proximity to a network of important highways connecting the area to the Greater Gauteng City Region and further to South via being the strongest drawcards underpinning the locality’s continued popularity.

    The diligently maintained development, previously host to a large manufacturing operation, has been intelligently redeveloped into a flowing industrial park with offerings catering to the needs of SMMEs active in trades across the engineering spectrum. The existing improvements, comprising an array of buildings of varying sizes and internal configuration are mostly flexible, enhancing the versatility and marketability of the site.

    Enhancing the efficiency of the management on this property are the individual water meters and prepaid electrical meters installed in each unit, to minimise exposure to losses from the potential under-recovery of utilities (water is recovered on a postpaid basis).

    Located on the same street as the expansive Elsburg Police Station, the property is in a secure node with the additional security improvements, including the wall fencing topped with 8-string electric fencing along the street facing boundaries, as well as the biometric pedestrian access points along the access controlled main entrance, ensuring optimal security for the parks’ various tenants.

    With a section of the property having been recently refurbished and the improvements continuously maintained, this property is prime for a savvy investor with an eye for a deal!
    Commercial Type:
    Industrial Property
    Web Reference:
    AUCT-002168
    List price:
    POA
    Address:
    105 Nagington Road, Wadeville, Ekurhuleni Metropolitan Municipality, Gauteng
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    25 April 2024 11:00 am



    Auctioneer:
    Andrew Miller
    Auction Terms and Conditions:
    R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

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    Nhlanhla Tshabalala

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