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Is this Cape Town’s best value, leasing opportunity?

Warehouse To Rent in Parow Industria 7

  With the current cost of building and high land values in Cape Town, developers do not find it viable to build new warehouse buildings, unless they can lease them to tenants for over R65 per m² (Ex VAT). This is “net rental”, which implies a triple net lease or FRI (fully repairing and insuring)…

Montague Gardens Investment Property Sold

Warehouse for sale in Montague Gardens 1

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…