Prime Industrial Property with Refurbishment & Investment Potential – 36 Manhattan Street, Airport
Take advantage of this exceptional opportunity to acquire and refurbish 36 Manhattan Street in Airport Industria, a property located in the sought-after Airport Industria This industrial complex offers significant value for investors and developers looking to unlock upside through higher rentals in one of Cape Town's busiest industrial areas.
Key Property Features:
- Erf Size: 1,803 sqm
- GLA (Gross Lettable Area): 1,111 sqm
- 4 Industrial Units: 284 sqm, 280 sqm, 275 sqm, and 272 sqm
- 3-phase power: Each unit looks to have 150amps
- 700sqm Yard: Perfect for parking, storage, or operational expansion
- Current Tenants: 3 tenants; 2 on short-term leases and 1 tenant with a lease until 2026
- Rental Income: R62,000 per month (excl. VAT) - to be confirmed in the due diligence
- MTN Tower Income: R119,018 per annum - to be confirmed in the due diligence
Refurbishment & Development Potential: With industrial demand in the Western Cape continuing to rise, 36 Manhattan Street presents a prime opportunity for refurbishment. Investors could achieve rental rates of R85/sqm to R90/sqm within 6-12 months post-refurbishment.
Flexible Configuration: The property also offers the option to reconfigure the existing units into two larger units, with the front unit benefiting from better road exposure and a larger yard. This flexibility makes it ideal for attracting quality tenants looking for more expansive, well-positioned spaces.
Investment Highlights:
High Demand Location: Airport Industria is a thriving industrial node with continuous rental demand from logistics, manufacturing, and warehousing sectors.
Upside & Income: While negotiating tenant exit terms, investors can continue to enjoy rental income, including revenue from an MTN tower on-site.
This property offers the chance to create a strong-yielding property with long-term capital growth potential, making it an ideal investment for those looking to capitalise on the industrial boom in Cape Town.
Disclaimer: The above financial information must be confirmed during a Due Diligence period.
Key Property Features:
- Erf Size: 1,803 sqm
- GLA (Gross Lettable Area): 1,111 sqm
- 4 Industrial Units: 284 sqm, 280 sqm, 275 sqm, and 272 sqm
- 3-phase power: Each unit looks to have 150amps
- 700sqm Yard: Perfect for parking, storage, or operational expansion
- Current Tenants: 3 tenants; 2 on short-term leases and 1 tenant with a lease until 2026
- Rental Income: R62,000 per month (excl. VAT) - to be confirmed in the due diligence
- MTN Tower Income: R119,018 per annum - to be confirmed in the due diligence
Refurbishment & Development Potential: With industrial demand in the Western Cape continuing to rise, 36 Manhattan Street presents a prime opportunity for refurbishment. Investors could achieve rental rates of R85/sqm to R90/sqm within 6-12 months post-refurbishment.
Flexible Configuration: The property also offers the option to reconfigure the existing units into two larger units, with the front unit benefiting from better road exposure and a larger yard. This flexibility makes it ideal for attracting quality tenants looking for more expansive, well-positioned spaces.
Investment Highlights:
High Demand Location: Airport Industria is a thriving industrial node with continuous rental demand from logistics, manufacturing, and warehousing sectors.
Upside & Income: While negotiating tenant exit terms, investors can continue to enjoy rental income, including revenue from an MTN tower on-site.
This property offers the chance to create a strong-yielding property with long-term capital growth potential, making it an ideal investment for those looking to capitalise on the industrial boom in Cape Town.
Disclaimer: The above financial information must be confirmed during a Due Diligence period.
Features
Zoning
Sizes
Listing Info
Airport Industria, Cape Town
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
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Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Annenberg website is accurate and up to date, Annenberg makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
