SPRINGFIELD

SPRINGFIELD

PROPERTY SUMMARY

SPRINGFIELD (URBAN GROWTH SAB)

TOTAL SIZE (SQM): 23 054

TOTAL TENANTS: 1

ANCHOR TENANTS: SOUTH AFRICAN BREWERIES

LEASE TERM REMAINING: 5 YEARS

TYPE LEASE: TRIPLE NET LEASES

MONTHLY RENTAL: R525 000

OTHER: 30KVA GENERATOR

VALUATION (31 DEC 2022): R66 000 000

Example 3

The property is an A-grade industrial warehouse space with offices and an ablution block for truck drivers. There is also a large yard for trucks to park and turn around within the premises.

The property also houses its own fueling station, which is a necessity for the tenant allowing its trucks to refuel in its yard. They are also able to service trucks on-site, making it easier and more efficient to get trucks back on the road.

SITE LOCATION

South African Breweries is a major brewery headquartered in Johannesburg, South Africa. It is of Anheuser-Busch InBev.

The company owns over 200 beer brands, including Budweiser and Bud Light, Corona, and Stella Artois, to name a few.