INDUSTRIAL INVESTMENT PROPERTY (Steeledale)

This prime industrial investment opportunity offers investors the chance to acquire a substantial income-producing asset within a well-established industrial node. Comprising approximately 11,608m² of gross lettable area, the property is occupied by a reputable tenant and benefits from a long-term lease structure, providing stable and predictable income. The asset generates a net income of approximately R6.48 million per annum and delivers an attractive 10.5% yield. The current lease extends until February 2032, providing long-term income security, while annual rental escalations of 7% support future revenue growth. A vacancy component of approximately 1,800m² also presents potential upside through additional leasing opportunities. Strategically positioned with excellent access to major arterial routes and transport infrastructure, the property is well suited to logistics, warehousing, manufacturing, and distribution operations. Its scale, accessibility, and strong lease covenant make it an attractive addition to any industrial investment portfolio. Property Highlights GLA: ±11,608m² Industrial Investment Asset Long-Term Lease Until February 2032 Net Income: ±R6.48 Million p.a. NOI: ±R6.71 Million p.a. Yield: 10.5% Annual Escalation: 7% Vacancy Opportunity: ±1,800m² Excellent Accessibility to Major Transport Routes Established Industrial Node Asking Price: R63,881,205 Further information available upon request and subject to confidentiality.