Prime investment property in Kimberley

 An industrial investment property in the heart of Kimberley in the Northern Cape will be auctioned by the ClareMart Auction Group when they host their next multiple commercial auction. The business district of Kimberley is expanding with more franchises and national retailers establishing a strong presence in Kimberley’s commercial node. “The property offers upside potential in a superb location with excellent visibility” adds Director Mike Baigel.

Situated at 7 Cecil Sussman Road the premises includes a partially tenanted commercial site which comprises of a warehouse which is divided into two rentable spaces and a large parking area. The layout can easily be adapted for commodate more tenants. The 7555m² erf offers a total building extent of 3700m², a commercial C2 zoning, a height restriction of six storeys which according to Baigel is subjected to the Kimberley zoning scheme. “The property is highly visible with easy access from the main road and is approximately only two kilometres from the Big Hole” adds Baigel.

1511m² of the building is currently occupied which is used as a warehousing space under lease by a Kimberley Trador Cash and Carry company. The lease is on a month to month basis and generates a monthly rental income of R42 535.00  excluding VAT. The remaining 2189m² is vacant. The entire property currently offers a Nett rental income of R403 038.72 per annum excluding VAT.

Kimberley, the capital of the Northern Cape is located on the N12 just off the N1 en route to Johannesburg. The town’s history is absorbed by diamond mining and the “Big Hole” which has played an even bigger role in South Africa’s history.

According to Baigel this is one of those rare opportunities to attain huge warehousing spaces in a prime location with a huge upside in terms of potential rental and Baigel urges investors not to miss out on this splendid opportunity.

Those interested may view the property at their own leisure and will be auctioned at this month’s multiple commercial auction on Wednesday 28 July at 12:30pm in the Ball Room of the Mount Nelson Hotel in Cape Town. For more information contact the ClareMart Auction Group on 021 425 8822