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239 Strydom Road, Wadeville, Germiston

R107 000 000

Property Features

  • The first years forward net operating income approx. R10 000 000
  • ERF: 239 Klippoortje Agricultural Lots, Gauteng Province 
  • The property covers an area of approx. 52 493 m²
  • GLA approx. 24 128 m² under roof with approx. 21 526 m² warehousing 
  • Eaves height approx. 8.5 meters
  • Large heavy industrial building 
  • Located within a well‐established industrial node
  • Development potential, subject to obtaining the necessary permissions

Anton koegelenberg

Registered Surveyor, here to help.

About This Property

  • The first years forward net operating income approx. R10 000 000
  • The property comprises an irregular shaped and relatively flat site improved with two extended triple volume warehouses, freestanding workshops and a two-storey brickwork office.

Location

The property is situated at number 239 Strydom Road in Wadeville. Wadeville is a well-established industrial area located near the N3 and N17 freeways with easy access to OR Tambo International Airport, Johannesburg, Pretoria, and routes to Durban and Mpumalanga. Other Industrial nodes such as Elandfontein, Alrode, and Roodekop are in close proximity. The property’s location and usage type make it attractive to tenants involved in manufacturing and distribution activities.

Wadeville is a prominent industrial node situated within the jurisdiction and mandate of Germiston and Boksburg which falls within the jurisdiction of the city of Ekurhuleni. Wadeville is an established industrial area located in the East Rand accommodating both heavy and light industrial e.g. engineering and other manufacturing outlets. The area is characterised by larger stands which are typically owner occupied and have been in the Wadeville area for extensive periods. Developments within the vicinity include the industrial based security park Dekema Park and the S and J Industrial Estate which is seen to cater for manufacturing, warehousing and distribution.

 

Accommodation

Administrative Offices 
The office accommodation, which is free standing, consists of a triple storey brickwork structure contained beneath a mono pitch Chromadek roof. The internal office and training room finishes include suspended ceilings with fluorescent tube lighting, plastered and painted walls and a mix of ceramic and carpet floor tiles. Active environmental control is provided by wall mounted console air-conditioning units. 

Warehouse Accommodation 

The industrial accommodation is of steel frame construction with a pitched Chromadek roof structure and Chromadek sheeting to walls. The building’s frame has been reinforced in order to accommodate gantry cranes. Passive environmental lighting is provided by clear polycarbonate skylights. The artificial lighting is supplemented by a mixture of truss mounted high bay luminaire and fluorescent tube light fittings. The buildings have been improved with power floated concrete floors. Roller shutter and sliding doors provide access to the warehouse. On the north-east elevations are two extensions of the factory which are lower in eaves height than the main factory. There are a number of entry points into the factory which is equipped with heavy duty machinery for manufacturing purposes.

Ancillary Buildings

Ancillary buildings include a double-storey changing room and ablution building of reinforced concrete frame and faced brick construction with a pitched roof covered with IBR sheeting. Two flammable stores, a prefab office, and a guardhouse.

Surrounding Works 

Various paved and tarred yard areas used for the storage of steel products, the circulation and parking of vehicles. Other surrounding works comprise precast concrete walling, steel-framed carports, and a weighbridge.

Utility Service report available on request. 

Accommodation

Office - Ground & First Floor : 2 602 m²

Warehousing - Ground : 21 526 m²

Total GLA : 24 128 m²

Covered Parking Bays : 91 

Open Parking Bays : 64

 

For further information on this property, please download the NDA from the legal portal above, sign and return to BidX1. 

Zoning

Scheme Ekurhuleni Town Planning Scheme, 2014
Zoning: Industrial 1
Floor Area Ratio: n/a
Coverage: 70%
Height: 3 Storeys
Parking: 1 parking spaces per 100 m² of gross industrial floor area
2 parking space per 100 m² of gross leasable Commercial floor area
Building Lines: 6m along Street Boundaries

Tenancy

 

Tenant : The Insulation Company South Africa ( Pty ) Ltd

  • GLA: approx.11,700m²
  • Commencement Date : 01 September 2018
  • Initial Lease Period : 8 year and 1 month
  • Expiry Date : 30/09/2026
  • Current Lease Rental : R501,732.33 per month i.e. R42.88/ m²
  • Rental Escalation : 8% per annum compounded
  • Payment Frequency : Monthly
  • Lease structure : Triple Net Lease
  • Sole Permitted Use : As permitted by the relevant zoning scheme

Tenant : Microcode Service Centres SA ( Pty ) Ltd

  • GLA : 9 152 m²
  • Commencement Date : 01 February 2019
  • Initial Lease Period : 2 years and 11 months
  • Expiry : Date 31 December 2021
  • Renewal option : 3 years - currently under negotiation 
  • Current Lease Rental : R302,500 per month i.e. R33.05/ m²
  • Rental Escalation : N/A
  • Payment Frequency : Monthly
  • Lease structure : Triple Net Lease

Vacancy: 3 276 m²

 

 

Notice to Buyers:

  • The property is sold in second-hand condition and as such is sold “voetstoots” and as it stands, and the Seller gives no warranties, express or implied, as to patent or latent defects and/or in regard to the buildings and any improvements upon the Property. The Seller shall not be liable for any defects in the Property, either latent or patent.  The Property is sold as described in the existing title deed or deeds thereof and is subject to all conditions and/or servitudes (if any) attaching thereto or mentioned or referred to in the said title deed or prior deed.
  • The Seller shall not be liable for any deficiency in extent which may be revealed on any re-survey, nor shall it benefit by any possible surplus, and no warranties are given in respect of the boundaries of the property. Neither the Agent nor the Seller shall be responsible to point out to the Purchaser any surveyor’s pegs or beacons in respect of the Property.
  • The Purchaser acknowledges that the Agent and the Seller provided it with the opportunity to fully acquaint itself with the condition and status of the Property, and that neither of them accepts any liability to the Purchaser in respect of same.
  • The Purchaser acknowledges that he/it has not been induced into entering this Agreement by any express or implied information statement advertisement or representation made, and/or any warranties given, in respect of the Property by or on behalf of the Seller and that are not contained in this Agreement.
  • The Purchaser acknowledges that he/it has fully acquainted himself/itself with the Property, alternatively that he/it has elected to purchase the Property without fully acquainting himself/itself therewith.

Movable Assets:

  • The Purchaser has the right to put in an offer on the movable assets on site.
No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.