Extent: ± 6 664 m² | GLA: ± 3 421 m² | High-visibility location | Prime street frontage | Multi-tenanted | Excellent transport access
This multi-tenanted commercial property offers consistent rental income while presenting an exceptional opportunity for re-development. Located in a high-visibility area with good exposure, the property holds tremendous potential for a wide range of development projects.
Key Features:
● Highly Visible Location: Positioned in a high-traffic area, ideal for warehousing, manufacturing, workshops, or mixed-use development with ample street frontage.
● Multi-Tenanted: Currently leased to multiple tenants, providing a stable cash flow and a solid foundation for future redevelopment.
● Gross Lettable Area: Approx. 3,421 square meters of flexible space, perfect for adapting to various commercial or industrial uses.
● Land Extent: Approx. 6,664 square meters of prime land, offering ample room for expansion or complete redevelopment.
● Transport Accessibility: Convenient access to major transport networks, ensuring excellent connectivity for both tenants and visitors.
● Vacant Silos: The existing vacant silos present a unique opportunity to either bring them back into operational use or to transform them into commercial assets, residential units, or even a student village, capitalizing on the growing demand for flexible living spaces.
● Electricity Supply: There is a 500KVA transformer feeding a 250amp circuit breaker, as well as a further 500kva and a 1000kva transformer that is currently not in use.
This property is an ideal investment for developers seeking to unlock the full potential of a well-positioned, multi-tenanted building with great redevelopment potential.
Don’t miss the chance to turn this prime site into a sought-after commercial asset.
In2assets East London
Show number
lindle@investpro.co.za
