99 Bofors Circle an excellently located multi tenanted industrial park in Epping, was recently sold to a private property investment company. The sale was concluded at R29 500 000 by Nina Steininger of the Ikon Property Group, the erf size measuring 14 835m2 with a GLA of 9480m2.
Epping industrial is situated just off the N2, and is well located near the airport and Parow, and as such is suited to light industry, logistics and distribution. This well established industrial area is currently undergoing a rejuvenation, as new investors are upgrading older buildings and renovating properties to suit tenants needs. The subject property is well over 25 years old and is currently undergoing a refurbishment that is in line with modern industrial specifications.
Investors are seeing exceptional rental demand in the area as rentals are still competitive. Rentals are being concluded at a rate of between R42 to R50 per square metres for this type of property.
This sale was concluded by Nina Steininger from the Ikon property group, who specialises in industrial letting and sales. Contact Nina should you wish to know more about this property or other opportunities in the Western Cape.
Nina: 082 491 7885 email@example.com