Airport Property has sold unit 16 Prodev Park to a private investor for R 1,475,000. Based on the sectional title area of 147m², the property was sold for R10,034 per m², however, the rentable area was 175m² ( an office mezzanine had been added) and when calculating the price on the rentable area of 175m² it equated to R8428m² The property was sold to a private investor on a net initial yield of 8.21% ( there was a monthly lease in place at the purchase date at the end of August 2018, R80.50 per m2 or R14,087.50 28 per month. The unit included 2 parking bays.
Prodev Park is a sought after light industrial mini unit park situated at the Gateway to Airport City at 8 Aviation Crescent, Airport City. It consists of 16 Units that become available to rent or for sale from time to time. Each unit has a full height roller shutter door and offices cantilevered over parking bays. The units are well built and modern in design. with good height for warehousing and neat office components. The Layout of the complex is such that there is ample parking for tenants and good access for medium-size trucks. Access is via a wide electric gate which is controlled via residents mobile phones.
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Prodev Park Location
