Fully Let Investment Property in Airport Industria

Sole Mandate! 79 Manhattan Street, Airport Industria 2 - Industrial Investment Opportunity

Property Status: For Sale

Price: R9,000,000 (excluding VAT)

Rentable Area: 865m2

Anticipated Transfer: 1 November 2025

Property Overview

This freestanding industrial property occupies a strategic corner position with dual access points, providing operational flexibility for logistics and distribution operations. The property was completly renovated when the tenant occupied the property

Property Specifications

Erf size: 1,274m2

Ground floor office: 102m2

First floor office: 97m2

Warehouse: 666m2

Roof height: 6-8 metres

Key Features:

Three-phase power supply

Air-conditioned office areas

Container height doors for efficient loading operations

Food grade - suitable for food processing and storage

Private yard area for vehicle manoeuvring and storage

Full height electric fencing perimeter security

Two motorised access gates aligned with motorised roller shutter doors

Investment Details

This property represents a fully let investment opportunity sold as a going concern with zero-rated VAT status. The current lease arrangement provides:

Year 1 Net Yield: 8.14% on market-related income (6.65% on current below-market income)

Lease Escalation: 8% annually

Lease Expiry: March 2027

Location Advantages

Airport Industria's central location provides connectivity to Cape Town's primary transport networks, positioned 18km from Cape Town CBD with direct access to the N2 and R300 national roads. The area benefits from established labour pools and comprehensive public transport infrastructure. The property is situated within 5 minutes of Cape Town International Airport, making it particularly suitable for import/export operations, logistics companies, and businesses requiring rapid airport access.

Airport CID Benefits

The Airport CID provides enhanced services beyond standard municipal offerings, focusing on eight operational areas: Safety and Security, Cleansing and Urban Maintenance, Safety Hazards and Maintenance, Marketing, Business Relations, Social Services and Responsibilities, Capital Improvements, and Projects. These services are delivered according to an annually reviewed business and implementation plan.