De La Porte Property Group has sold a property in Montague Gardens for R 2.4 Million to a private investor.
The property consists of a 344m² of factory/warehouse with offices of 50m², totalling 454m² and was sold an initial yield of 7.5%. Although built in a row of similar units, this is a freehold property, not sectional title and is fully self contained on its own erf. It is a well located industrial property with a lot of parking. Consisting of a steel portal frame building with a face brick exterior, this warehouse has a small office component and a full height container door. The roof is asbestos with an insulated underside. It has good internal height and a small office component.
Investment properties under R10 Million are in high demand in one of Cape Town’s most popular industrial areas, Montague Gardens.
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.
