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R8,400,000 | 1,111m² Warehouse For Sale in Airport Industria

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Prime Industrial Property with Refurbishment & Investment Potential – 36 Manhattan Street, Airport

Take advantage of this exceptional opportunity to acquire and refurbish 36 Manhattan Street in Airport Industria, a property located in the sought-after Airport Industria This industrial complex offers significant value for investors and developers looking to unlock upside through higher rentals in one of Cape Town's busiest industrial areas.

Key Property Features:

- Erf Size: 1,803 sqm
- GLA (Gross Lettable Area): 1,111 sqm
- 4 Industrial Units: 284 sqm, 280 sqm, 275 sqm, and 272 sqm
- 3-phase power: Each unit looks to have 150amps
- 700sqm Yard: Perfect for parking, storage, or operational expansion
- Current Tenants: 3 tenants; 2 on short-term leases and 1 tenant with a lease until 2026
- Rental Income: R62,000 per month (excl. VAT)
- MTN Tower Income: R119,018 per annum

Refurbishment & Development Potential: With industrial demand in the Western Cape continuing to rise, 36 Manhattan Street presents a prime opportunity for refurbishment. Investors could achieve rental rates of R85/sqm to R90/sqm within 6-12 months post-refurbishment.

Flexible Configuration: The property also offers the option to reconfigure the existing units into two larger units, with the front unit benefiting from better road exposure and a larger yard. This flexibility makes it ideal for attracting quality tenants looking for more expansive, well-positioned spaces.

Investment Highlights:

High Demand Location: Airport Industria is a thriving industrial node with continuous rental demand from logistics, manufacturing, and warehousing sectors.

Upside & Income: While negotiating tenant exit terms, investors can continue to enjoy rental income, including revenue from an MTN tower on-site.

Asking Price: R8,000,000 (VAT Zero-Rated)

This property offers the chance to create a strong-yielding property with long-term capital growth potential, making it an ideal investment for those looking to capitalise on the industrial boom in Cape Town.

Disclaimer: The above financial information must be confirmed during a Due Diligence period.

Features

0
Zoning
Industrial
Title
Sectional
Interior
Power (Amps)
600
Exterior
Security
No
Sizes
Floor Size
1,111m²
Land Size
1,803m²
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-33.97207842267807, 18.582981968037114

Airport Industria, Cape Town

Welcome to Airport Industria As the name implies, Airport Industria is situated adjacent to Cape Town International Airport and offers all the advantages of proximity to the air freight terminal. The area also boasts easy access to arterial routes that lead to every corner of the Western Cape and far beyond. Airport Industria is home to various industrial parks and has an ideal home to offer every industrial... More Info

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Disclaimer:  While every effort will be made to ensure that the information contained within the Annenberg website is accurate and up to date, Annenberg makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.