29 000 m² Industrial space in Morningstar

Exclusive Mandate

This rare opportunity combines income-generating infrastructure with significant development potential. Situated in Morning Star, a growing industrial hub of Cape Town, the property extends over approximately 2.99 hectares (29,900 m2) of land, with about 1 hectare currently developed and 1.9 hectares available for further expansion.

The developed portion includes 295 storage units measuring 6 m by 3 m each, 10 storage cubes of similar size, 10 long-term covered bays, a container yard, and a warehouse structure of approximately 10 m by 9 m. Supporting infrastructure consists of a three-bedroom staff house with bathroom, offices, site bathroom facilities, and operational amenities. The built floor area measures roughly 2,500 m2 in total.

The property is zoned for industrial 1 use, allowing for a wide range of permissible activities such as warehousing, logistics, and storage, with a permitted height of approximately 11 m. Three-phase power, security measures, and good road access support both current operations and future expansion.

Financially, the property is performing strongly, generating between R500,000 and R600,000 in monthly revenue, equating to roughly R6,000,000 to R7,200,000 annually. With expansion into the undeveloped land, the property could support up to 1,000 additional storage units, taking potential monthly revenue to approximately R1,200,000 and annual revenue to around R14,400,000. This offers investors the opportunity to significantly improve yield while owning a high-demand industrial asset in a strategic location.

This property is sold as a going concern, providing immediate cash flow alongside exceptional upside for development. Morning Star is well connected to major transport routes, offering strong logistical advantages for storage, warehousing, or light industrial activities.

Dont miss the chance to secure this unique industrial asset with both current income and future scalability.