686m² Warehouse For Sale in Ongwediva Central

Ongwediva Central, Ongwediva, Namibia

1,344 square met

686m² Warehouse For Sale in Ongwediva Central

Property Details

Property Type : Warehouse

Price : N$ 4,497,000

Town : Ongwediva

Property Size : 1,344 square met

Suburb : Ongwediva Central

Property Status : For Sale

Property Description

Industrial Warehouse for Sale – Ongwediva Prime industrial property located in the heart of Ongwediva’s thriving industrial precinct. This well-maintained, single-storey warehouse and office facility sits on a 1,334 m² erf zoned for Light Industrial use, offering excellent visibility and easy access via nearby arterial roads including Dr. Sam Nujoma Road and the C46 highway. Key Property Features: • Size: 1,334 m² erf | 742 m² Gross Building Area (Warehouse 548 m² + Cold Rooms 138 m² + Carport 28 m²) • Zoning: Light Industrial with 75% coverage allowance • Construction: Reinforced brick & mortar, concrete slab, iron roofing on steel/wooden trusses • Facilities: Office with kitchenette, ablution and strong room, carcass processing area, 3 cold rooms, stainless steel roller doors, CCTV system (8 cameras), alarm, 380V fan and compressor • Condition: Good condition with minor wear and tear • Security: Boundary walls on 3 sides, precast wall on 1 side, steel cage • Parking & Access: Ample paved area (1,174 m²), carport, semi-arterial road access enhancing visibility Investment Highlights: • Current rental income: N$44,000/month (VAT excluded) with a 10% escalation scheduled for June 2025 • Market value: N$3,940,000 (Income Capitalization approach at 11% cap rate) • Forced sale value: N$2,760,000 • Insurance replacement value: N$7,220,000 • Location: Strategic proximity to major transport routes connecting Ongwediva and neighboring towns • Demand: Moderate, with commercial and industrial properties in this area typically offering solid long-term investment potential Comparable Market Data: • Industrial property sell-out rates: N$2,050 to N$7,100 per m² • Average rental rates for similar industrial spaces: N$38 to N$55 per m² This property presents an excellent opportunity for investors or businesses seeking a well-equipped industrial facility with substantial cold storage capacity in a key northern Namibian commercial hub.

Property Features

No property features listed.

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Listed By

Just Property

Property Agent

Joubert Balt

081 127 2322

joubertb@just.property

686m² Warehouse For Sale in Ongwediva Central

N$ 4,497,000

Property Details

Property Description

Property Features

Gallery

Related Properties

582m² Business For Sale in Swakopmund Central

NAD 8,070,000*

582m² Business For Sale in Swakopmund Central

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Listed By

Property Agent

Joubert Balt

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