619 m² Industrial space in Kuilsriver

Industrial Unit in Saxenburg Park

Presenting a spacious 619m2 industrial unit available for lease in the sought-after Saxenburg Park 1 in Blackheath, priced at R68/m2 excluding VAT, with availability from 1 October 2024. This unit comprises a ground floor featuring a covered yard of 30.3m2 and a warehouse of 486.7m2, while the first floor offers office space of 91m2 and a covered balcony of 11.60m2. Additionally, a yard space of approximately 186.94m2 complements the unit. The unit is further enhanced by amenities including 4 x parking spaces, an electric gate for added security, and an 8-meter roller door. With a roof height of 12 to 13 meters, the unit offers ample vertical space to accommodate various industrial needs.

Strategically located within a secured industrial park, Saxenburg Park 1 offers controlled access via two roads, ensuring enhanced security with closure after hours and a palisade fence perimeter. Positioned along the Stellenbosch Arterial, this location provides swift access to major routes including the R300, N1, and N2, as well as destinations such as Stellenbosch, the Winelands, Somerset West, and Eersterivier. Public transport is readily accessible, and the property enjoys proximity to Zevenwacht Mall and nearby residential areas.

With 180 out of 443 properties currently on the market, Blackheath has a high vacancy rate. This suggests a potentially oversupplied leasing market, which could put downward pressure on leasing rates and require landlords to be more competitive to attract tenants. Given the high vacancy rate, landlords may need to offer competitive leasing rates to attract tenants and fill the vacant properties. The average cost per m and sup2 of R2,593 is relatively competitive, but landlords may need to consider further adjustments to remain competitive in the market. The average stand size of 1,194 m and sup2 caters to businesses requiring medium-sized industrial spaces. This diversity in property sizes can attract a variety of tenants with different space requirements, providing a broader range of leasing opportunities. The sale of 24 units in 2023 with an average property price of R4.41 million indicates moderate sales activity. Investors should analyze the reasons behind the sales volume and consider factors such as market conditions, property pricing, and buyer preferences.

Benefiting from its prime position facing the bustling Stellenbosch Arterial and Zevenwacht intersection, the unit offers exceptional exposure and advertising potential. Additionally, features like ample eaves height and natural light further enhance the appeal of this industrial space.

The matchmaking of owners to buyers and tenants.