SOMERSET WEST

SOMERSET WEST

PROPERTY SUMMARY

SOMERSET WEST (URBAN GROWTH PARK)

TOTAL SIZE (SQM): 1,12 Hectares + 7727sqm

TOTAL TENANTS: 1

ANCHOR TENANTS: ALPLA

LEASE TERM REMAINING: 6 YEARS

TYPE LEASE: TRIPLE NET LEASES

MONTHLY RENTAL: R1250 000

OTHER: 1 MW SOLAR PLANT WITH 2 X 350KVA GENERATOR

VALUATION (8 MARCH 2021): R125 000 000

Example 2

This property comprises an A-grade industrial building utilised for manufacturing and warehouse purposes. Situated in Somerset West Business Park, the property enjoys N2 exposure and has been purpose-built for the tenant, ALPLA, a plastic packaging manufacturer, i.e., cold drink bottles.

This L-shaped building includes a double-storey office component, a triple-volume factory component and a double-volume warehouse component. The office section consists of a reception with a seating area, various open-plan and enclosed offices, a boardroom, meeting rooms, a kitchen, sufficient WC facilities, a walk-in safe, a server room, laboratories, etc.

SITE LOCATION

Alpla is an Austrian international plastics manufacturer. They are a world leader in developing and producing innovative plastic packaging solutions. They manufacture bottles, caps and injection-moulded parts for various industries.

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