Industrial property in Factoria sold for R8,5m

Factoria is a well established industrial node in Johannesburg.

Auction Alliance recently sold a great redevelopment opportunity in Factoria for R8,5 million. Factoria is a well established industrial node in Johannesburg, which is centrally located in close proximity to both Krugersdorp and Roodepoort. It offers good access on to Main Reef Road and to railway transport.

The property boasts 10 587m² of industrial space, a 3 100KVA power supply, as well as 5 000 gigajoules of gas, which is suitable for manufacturing. Currently, the site has a long-term tenant occupying 1 628m², yet the property offers the purchaser the potential to either occupy the remaining portion of the building or to redevelop the entire site, with additional bulk available.

The property is superbly located to be redeveloped - taking advantage of all the other developments and growth happening in Factoria, as well as offering excellent potential due to the strong demand for space in the area.

Article by: www.realestateweb.co.za