Summary
- One of ten properties as part of the Metrofile Portfolio Disposal
- Minimised concentration risk due to disposal across South Africa
- This property includes an A-grade warehouse and offices in the heart of Glen Marais, Johannesburg with a GLA of ± 3,276 m²
- Superior tenant covenant
- Industrial strong class asset
- Best in-class industrial asset
Location
Situation
The subject property is located in Glen Marais, nestled within the expansive industrial region flanking the R21/Pomona Road corridor. The property lies on the south side of Loam Road, one property east of Dann Road, a main road separating the industrial area from the adjacent residential suburb. This situation allows for good access and exposure for the property.
This strategic location positions it as a pivotal hub within this thriving economic zone. The surrounding industrial area, characterized by bustling commercial activity and strategic infrastructure, provides a robust economic backbone to the region.
This industrial zone is surrounded by several middle-income residential suburbs such as Aston Manor and Kempton Park, as well as Glen Marais residential area encompassing amenities and facilities, including shops, emergency services, schools, banks, medical facilities and community centres.
Description
The subject property features a warehouse creating a comprehensive facility with potential office space.
Adjacent to the warehouse are enclosed brick-built staircases on either side of the building, providing access to different levels of the racking system.
A dedicated fire sprinkler system ensures safety, drawing water from a pump housed within a compact brick building. The water supply is stored in two substantial steel panel water tanks, ensuring ample reserves in case of emergencies.
Convenient shade net parking, supported by sturdy steel framing and netting, offers protected parking spaces on the premises. Additionally, there is a designated brick-built walled area for rubbish disposal, maintaining cleanliness and organization.
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