De La Porte Property Group sell three industrial properties in Montague Gardens for R 15,4 Million
All three properties were tenanted when purchased although two of the properties will ultimately be owner occupied. Initial yields on these properties ranged from 7.5% to 10% and prices from R2.4 Million to R 6.5 Million. Typically investment properties in a lower price range sell at a lower initial yield. The reason for this is simply that the demand for smaller industrial investment properties is high and supply low. With the migration to Cape Town by high net worth individuals from the rest of South Africa, this trend is set to continue.
De La Porte Property Group is a niche, location-based industrial & commercial property brokerage. We are based in Milnerton and focus on the following main services in Montague Gardens, Century City and surrounding areas in Cape Town’s rapidly growing West Coast Growth nodes such as Atlantic Hills, Atlas Gardens, Killarney Gardens, Montague Park, Richmond Park and Rivergate.
Leasing of industrial and commercial property: units in mixed-use business parks, logistics properties, warehouses, factories and offices
Sales of industrial and commercial property: units in mixed-use business parks, logistics properties, owner occupier, tenanted investment properties and vacant land.
