West Turffontein - Property Ref: f108804

Property
Description

Property Description

This well-positioned industrial property offers an outstanding opportunity to acquire an income-producing asset in the sought-after industrial hub of West Turffontein. Situated on a 302 m² erf, the versatile property offers immediate investment potential with the added benefit of an existing tenant currently operating a successful wheel-repair business, providing rental income from day one. The property is ideally located with easy access to major transport routes and surrounding commercial and industrial precincts, making it well suited to investors seeking a stable income-producing asset or business owners looking to secure premises in a high-demand location. The property benefits from excellent street exposure and accessibility and is suitable for a variety of industrial, automotive, engineering, warehousing or workshop-related businesses. West Turffontein continues to be a popular destination for automotive, manufacturing and light-industrial businesses due to its strategic location and excellent connectivity, making this an attractive option whether expanding an investment portfolio or securing commercial premises with an existing income stream. Please note that the existing lease is on a month-to-month basis; prospective purchasers should satisfy themselves as to the lease terms, zoning and permitted use and conduct their own due diligence.

Features

Stand size: 302 m²

Prime industrial location with excellent street exposure: Yes

Suitable for industrial, automotive, engineering, warehousing or workshop uses: Yes

3-Phase Power: N/A

Occupancy: Fully Tenanted

Lease Expiry Profile: Month-to-month

Property Potential: Under-market rentals, lease renewal upside, change of use / conversion

Immediate rental income from day one: Yes

Area Description

The property is located in West Turffontein, an established industrial and residential suburb in the south of Johannesburg, Gauteng. The area is a popular destination for automotive, manufacturing and light-industrial businesses, offering excellent street exposure and convenient access to shopping centres, medical facilities, the Johannesburg CBD and major transport routes, including the M1 highway, linking Turffontein to the wider Johannesburg metropolitan area.

Area Amenities

Turffontein Racecourse – approximately 2.0 km 

M1 Highway – approximately 2.8 km 

The Glen Shopping Centre – approximately 2.9 km 

South Rand Hospital – approximately 3.5 km 

Southgate Mall – approximately 4.7 km 

Johannesburg CBD – approximately 5.6 km