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Summary
- One of ten properties as part of the Metrofile Portfolio Disposal
- Minimised concentration risk due to disposal across South Africa
- This property includes and A-grade warehouses and offices in the heart of Airport Industria, Cape Town with a GLA of ± 2,031m²
- Superior tenant covenant
- Industrial strong class asset
- Best in-class industrial asset
Location
Situation
The subject property is located in the Airport Industria Area, a well-established industrial neighborhood, positioned adjacent to Cape Town International Airport on its western side and approximately 15km east of Cape Town CBD.
The N2 freeway runs directly to the west of the area, providing convenient access. To the north of Airport Industria lies the King David golf course, which is currently undergoing development by Atterbury to expand its industrial properties.
Situated on the subject property is a large warehouse building. On the western side, across the N2 freeway, is the Gugulethu residential area known for its low-income, high-density housing. The location offers easy access to various amenities and services such as shops, emergency services, schools, banks, and medical facilities.
Description
The subject property features a spacious warehouse building. On each side of the warehouse, there are enclosed brick-built staircases attached to the exterior, providing access to the different levels of the racking system. Additionally, there is a covered area designated for loading and unloading goods, directly accessible to the warehouse.
The fire sprinkler system within the warehouse is supplied water from a pump housed within the building, with water storage facilitated by a large rectangular steel panel water tank.
Other enhancements on the property include a brick-paved access road and a perimeter security fence surrounding the premises.
