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.
