R10,900,000 | 1,280m² Warehouse For Sale in Stikland Industrial

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.

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All prices exclude VAT.

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