On Auction: 205 Rietfontein Road, Primrose (Germiston), Johannesburg

State-of-the-art Laboratory with a 10-Year Industrial Lease in place

Here’s your chance to invest in a custom-built industrial property that boasts an existing tenant with 10 years remaining on their lease. This well-appointed building in bustling Primrose (Germiston) is easily accessible via major roads, enhancing connectivity and convenience.

The property has a GLA of 3,380m2 and an ERF of 4,957m2 and is zoned as Business 3, offering both investors and tenants flexibility for various commercial activities. It spans 3-storeys with a 300 Amps power supply and 3 roller shutter doors.

Note that this specialised facility includes a state-of-the-art laboratory, protected by 24-hour Armed Response with access control.

Investors can benefit from an actual gross annual [GD1]?income of R1 747?967 thanks to the property’s long-standing and reliable tenant. Its position within a prominent mixed-use node in Primrose optimises market exposure.

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Our thoughts on this property

A comment from Abraham Ajibade, Auction Executive for Galetti Auction on this property: “205 Rietfontein Road features a modern and custom-built facility tailored to tenant specifications. It gives investors the financial reassurance that comes with a strong tenant with a national footprint with ten years remaining on the lease, as well as maximum market exposure from its location.”

Registered Owner: Motrade 331 Pty Ltd

Registration Number: 2006/022683/07

VAT Registered: Yes

Want to place your bid? Register to join us at our not-to-be-missed auction on 12 October 2023! The auction starts at 12pm at Killarney Country Club, Johannesburg.

Find out more about this property: https://galetti.bidwrangler.com/ui/auctions/97222