Web Ref CL11364
R10,900,000
24 Willow Road
Calculate Affordability | Calculate Bond & Transfer Costs | Currency Converter
1280m² R10.9m Stikland Industrial Investment
This property comprises six units, with four units of 190m² and two units of 260m², totaling a Gross Lettable Area (GLA) of 1280m². All units are fully tenanted and share a common paved yard under a connecting central canopy. The property is strategically located on the busy Willow Street, offering excellent exposure for businesses.
Stikland is highly sought after, with units under 250m² rarely remaining vacant for more than a week or two. Rental prices and capitalization rates, particularly for smaller unit complexes, are expected to rise due to limited supply. Current rental prices in the area for equivalent buildings range between R65 - R70/m².
The newly established part of Stikland, where rentals reach as high as R105/m², is putting upward pressure on rentals in the surrounding areas. Stikland remains popular among tenants due to its well-managed City Improvement District (CID) program, area safety, cleanliness, and well-connected travel routes. For this reason, Stikland has been earmarked as one of the areas with the lowest investment risk profiles in the Northern Suburbs.
Please contact me to arrange a viewing
All prices exclude VAT.
ANNENBERG 50 years of understanding client needs.
Stikland is highly sought after, with units under 250m² rarely remaining vacant for more than a week or two. Rental prices and capitalization rates, particularly for smaller unit complexes, are expected to rise due to limited supply. Current rental prices in the area for equivalent buildings range between R65 - R70/m².
The newly established part of Stikland, where rentals reach as high as R105/m², is putting upward pressure on rentals in the surrounding areas. Stikland remains popular among tenants due to its well-managed City Improvement District (CID) program, area safety, cleanliness, and well-connected travel routes. For this reason, Stikland has been earmarked as one of the areas with the lowest investment risk profiles in the Northern Suburbs.
Please contact me to arrange a viewing
All prices exclude VAT.
ANNENBERG 50 years of understanding client needs.
Features
Zoning
Industrial
Interior
Power (3 Phase)
Yes
Power (Amps)
360
Exterior
Security
No
Parking Bays
Open Parkings
10
Covered Parkings
6
Sizes
Floor Size
1,280m²
Land Size
1,788m²
STREET MAP
STREET VIEW
Stikland Industrial in the news
Celebrating the Successful Sale of this R43 Million Investment Property, 142 Edward Road, Bellville.
Waldi Swanepoel had the privilege of facilitating this deal, representing both Spear REIT Limited and Laluka Capital.