Building | Zärtlich
On Tender 15 June 2026: Prime Industrial Asset with Significant Upside
Property Overview
Situated on a prominent and accessible site, the property comprises a freehold industrial facility with a gross lettable area of approximately ±4,400 m², set on an erf of ±5,222 m².
GLA: ±4,400 m² ERF Size: ±5,222 m² Zoning: Commercial 2 Configuration: Warehouse, office components & mezzanine levels Access: Dual access via Elliot Street and Kingston Road
The layout includes expansive warehouse areas complemented by ancillary office and mezzanine space, allowing for multi-tenancy or single-user occupation.
Income & Value-Add Profile
The property currently reflects a partially let income stream, with clear opportunity to unlock value:
Occupancy: ±34% let / ±66% vacant
The high vacancy level presents a compelling repositioning opportunity, enabling investors to significantly enhance income through:
Lease-up strategies Tenant mix optimisation Potential refurbishment or reconfiguration Zoning & Usage
The property is zoned Commercial 2, permitting a wide range of uses including:
Commercial and industrial activities Warehousing and distribution Ancillary office and support functions
This flexible zoning enhances the property’s adaptability to multiple industrial and commercial user profiles.
Location & Accessibility
Positioned within a well-established industrial and commercial precinct, the property benefits from:
Excellent connectivity to major arterial routes (N12 corridor) Proximity to key industrial users and logistics activity Easy access for heavy vehicles and distribution operations A central position within Kimberley’s broader economic node
Kimberley remains a key regional hub, supporting government, mining, logistics, and commercial activity.
Key Investment Highlights Large-scale industrial facility (±4,400 m²) Significant vacancy upside (±66%) Flexible Commercial 2 zoning Dual access and good yard functionality Strategically located within an established industrial node Attractive entry-level income with strong growth potential Opportunity
This asset is ideally suited to:
Value-add investors targeting leasing and repositioning upside Owner-occupiers seeking a large, well-located facility Funds looking to acquire industrial stock at an attractive basis Summary
A high-potential industrial asset offering scale, flexibility, and a clear path to value creation.
With substantial vacancy to unlock and a strategic location within Kimberley’s industrial landscape, this property presents a compelling opportunity to drive income growth and long-term capital appreciation.