On Auction: 73 Planet Avenue, Crown Mines, Johannesburg
Galetti Corporate Real Estate
Galetti Corporate Real Estate is one of South Africa’s leading commercial and industrial real estate consultancies.
The Unique Opportunity to Own a Multi-Tenanted Industrial Park
Boasting 23 well-maintained units and a diversified rental income from multiple tenants, 73 Planet Avenue is every investor’s dream. This sought-after listing makes it possible for bidders to own an entire tenanted industrial park.
Zoned as Industrial, the site has a GLA of 5,004m2 and an ERF size of 9,646m2. Specs include a height of 5.6m per unit, a 3-phase 80A power supply as well as dual-access reticulation. Each of the 23 units has a roller shutter door and security is ensured through 24-hour access control.
Located between Crown Mines and Mayfair, the property is positioned in a prominent industrial area that benefits from strategic location advantages. Investors can expect a projected[GD1]? gross annual income of R3 957?714 as diversified rental income provided by the park’s multiple tenants.
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Our thoughts on this property
A comment from Rachel Boerman, Auction Associate for Galetti Auction on this property: “73 Planet Avenue is a meticulously maintained industrial park, ensuring the highest operational efficiency. It can be seen as a prime investment opportunity, catering to diverse industrial tenant needs. With 24-hour security measures, the property prioritises safety and its main road visibility is a bonus.”
?Registered Owner: Eagle Creek Inv 472 Pty Ltd
Registration Number: 2005/035534/07
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