Fully Let Triple Net A - Grade Industrial Facility

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Fully Let Triple Net A - Grade Industrial Facility

Important Information about Fidelity with regards to the building Fidelity undertook extensive capital improvements to the building at their own cost, investing over R10 million in permanent upgrades. This expenditure, specifically related to the section they lease, was formally confirmed in writing to the landlord. Originally, the space consisted of three separate units, each equipped with modern offices, kitchens, and bathrooms; to meet operational needs, Fidelity converted the area into a single secure cash vault facility, used for distributing cash on behalf of the South African Reserve Bank, Commercial banks and other clients. This required the removal of internal walls and amenities to create a highly secure, consolidated space. As part of their lease agreement, Fidelity is contractually obligated to restore the premises to its original configuration—three separate units with full amenities—should they vacate. Given the significant cost of such reinstatement, the landlord has strong reason to believe that Fidelity will continue to occupy the premises and exercise multiple future 5-year renewal options. The lease is held under one of Fidelity’s financially robust entities, which had an audited annual turnover exceeding 10-digit figures at the time the lease was signed.

Skynet SA: SkyNet Worldwide Express, a division of SkyNet Worldwide Express Holdings, is a leading name in South Africa’s courier and express logistics industry. Established in 1988 as a proudly South African company, it has grown into one of the country’s largest courier networks, with over 23 branches, a fleet of more than 800 vehicles, and a team of over 1,000 employees nationwide. With access to a global network of over 1,200 Sky Net offices, the company offers extensive international reach. Sky Net’s focus on customer service and innovation allows clients to concentrate on their core business, while entrusting their courier and logistics needs to a reliable and forward-thinking partner. Sky Net also have a Triple Net Lease. The adjoining unit is leased by Skynet International Couriers, currently in the eighth year of their tenancy. Their lease is renewed on a three-year cycle, with the current term running until April 2029.

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Neels Potgieter, registered with the PPRA as a Principal Property Practitioner, under Real Royal Commercial Properties (Pty) Ltd t/a Century 21 Johannesburg South, registered with the PPRA as a Business Practitioner, who does not operate a trust account.