Affordability and location peak interest in Crown
Category Industrial Property News
Accessibility, affordability and proximity to key points of industry have always played an important role in the desirability of industrial property. The suitability of an industrial area depends on various different factors - these components consists of proximity to markets, access to transport facilities, the price of power, accessibility of raw materials and availability of labour.
As such the industrial hotspot of Crown has evolved into a highly popular destination for logistics companies, import and exports as well as manufacturing activity. Located in the heart of Johannesburg's industrial sector, Crown provides tenants with access to various points of interest as well as the necessary business resources needed to run their operations.
Proximity to points of interest
Crown's attractiveness as an industrial locale largely comes from its location in relation to other industrial hubs, transport opportunities and the network of arterial roadways that surrounds it. Ideally positioned Crown is circumscribed by the R41, M17, M1, M2 and M70 - conveniently linking this area to the centre of Johannesburg, Sandton and the OR Tambo International Airport.
Crown is also approximately 10 km from the N1 and N12 freeways, while it lays roughly 19 km from the N3 - connecting Crown to the Durban Harbour. This level of accessibility has created the perfect environment for logistics companies and other transporters to thrive in.
Competitively priced industrial space
In comparison to other nodes of industry, particularly in areas north of Johannesburg, industrial rental prices are considerably more than those in Crown. This can be pegged down to the high volume of industrial property that is currently available in the many business parks and developments located here. In turn, the sheer volume of suitable warehouses, factories and other industrial units allows for lower rental prices, providing tenants with more space for their buck.
Competitively priced, industrial units in Crown are predominantly listed at rentals between R35/sqm to R50/sqm, although depending on position and size - smaller properties have been more expensive, while 10 000m2 warehouses are significantly cheaper per square metre.
Industrial spaces available in Crown.
Currently on the market is a 450m2 warehouse to let in Crown listed at R15000 per month. This unit is very neat and can be used as a mini factory. Situated in Crown Mines this property offers a good height and an extra large roller door, well-maintained office component, ablution and kitchen facilities. There are 70 amps, 3 phase electrical power supply.
Another not to be missed industrial space is a 200m2 mini warehouse listed at R40/sqm (R8000 per month). Situated in a secure access controlled area in proximity to Gold Reef City, this accommodation comes with safe parking, good height, a kitchenette, office and great access to surrounding highways.
With great affordability, location and an abundance of prime industrial property types, Crown promises to continue its growth as a popular destination for industry and business.
Is your company looking for premises in the well-located Crown? If yes, contact API Property Group today to find the perfect space for your business needs. Our team of dedicated property brokers will help you secure the perfect industrial property for your business needs.
Author: API Property Group
