Large industrial property for sale

Posted On Tuesday, 21 July 2009 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

Aucor has been commissioned to auction a prime industrial property in Nigel which offers the rare opportunity of having a rock-solid tenant in place

Ari Ben

 

 

 

 

 

 

 

The 3,71 hectare property with a GLA of 3 501m² is located in Vosterskroon, an industrial node in close proximity to Nigel’s CBD and the N17 and N3 highways.

According to Ari Ben, property consultant at Aucor, the tenant is a long-established leader in the granite processing industry.  It mines large stone from quarries in Namibia which are processed in Nigel and then prepared for sale both locally and abroad.   He says that a key feature of this auction is the property has a proposed 10 year triple net lease of R250 000 per month, 10% annual escalation, all expenses paid by the tenant and expected sales growth of 15% pa to 2014. 

“When investing in a property of this nature, the strength of the tenant is paramount, and in this instance the tenant is absolutely secure.”



Last modified on Wednesday, 11 June 2014 16:47

Most Popular

Should you rent or buy your business premises?

Jun 23, 2022
Malusi Mthuli_FNB
This is a question that most business owners will face at some point in their journey.…

April 2022 Hotel Accommodation Income Statistics continue to show a very weak picture compared to pre-lockdown times.

Jun 23, 2022
Hotels Monthly Income 2022
The StatsSA release of April 2022 preliminary monthly tourism statistics show the Hotel…

South Africa’s inflation exceptionalism: can it last?

Jun 23, 2022
Carmen Nel
South Africa is often seen as a high-beta play, be it regarding financial market risk…

Hyprop continues to reduce debt and reposition its portfolios in SA and EE

Jun 30, 2022
Skopje City Mall Playground
Hyprop, which manages dominant retail centres in mixed-use precincts in key economic…

Vaal Mall rolls up its sleeves for pothole repairs

Jun 30, 2022
Vaal Mall crew busy repairing the various potholes making easier access to the Centre.
Vaal Mall is showing their commitment towards their community by stepping up to repair…

Please publish modules in offcanvas position.