N$4,497,000 | 686m² Warehouse For Sale in Ongwediva Central

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.