Guy de la Porte of Airport Property has sold a property in Montague Gardens for R 2.4 Million to a private investor.
The property consists of a 344m² of factory/warehouse with offices of 50m², totalling 454m² and was sold an initial yield of 7.5%. Although built in a row of similar units, this is a freehold property, not sectional title and is full self contained, on its own erf. It is a well located industrial property with a lot of parking. Consisting of a steel portal frame building with a face brick exterior, this warehouse has a small office component and a full height container door. The roof is asbestos with an insulated underside. It has good internal height and a small office component.
Investment properties under R10 Million are in high demand in Cape Town’s most popular industria areas like Montague Gardens, Epping and Airport Industria. You can view the property listing here.
Industrial Investment Property Sales is a core service offered by Airport Property. Guy de la Porte has been selling industrial investment property in Cape Town for over 30 years and has sold many of these properties more than three times. You can read more about investment property sales here.