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.