A-Grade warehousing- Southgate Industrial

R365,400.00 (rental)

Umbogitwini, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP4388
Rental Price : R365,400.00
Ownership : Freehold
Building Size : 6300m²


Description

The subject warehousing spaces are situated in Southgate Industrial Par and comprise the following components:

1) Lower ground floor – 6,300 squares (plus own entrance and large yard space) –R58/square – open from 30/04/2017

2) Mezzanine floor – 6,000 squares Rental R35/m2 (only accessible via lifts and pedestrian walkway. Direct Hyster access can be developed on longer lease) – available immediately.

3) 5,300 squares – indicative rental R55/square – open from 31/03/2017

4) 4,800 squares– indicative rental R55/square – open from 31/03/2017

5)850 m2 Office Space . Rental R80/m2. Available immediate


Southgate Business Park is a security stronghold situated in the southern corridor of Durban’s Industrial and Commercial nodes. This well-established park holds a variety of blue-chip tenants who have realised the value of locality in conjunction with security. This has resulted in a lot of businesses opting to own their property as opposed to renting indefinitely. The majority of the few that do rent have signed longer lease terms, averaging 3 to 5 years, with rental rates averaging from R45/m² to R55/m².

There are a few factors at play for Southgate Business Park that has created it’s sought after status. Located approximately 25 kilometers south from Durban’s Central Business District, it falls within the Umbogintwini township, which is situated west of the N2 Freeway and in close proximity to the township of Amanzimtoti. This direct access to the N2 National Highway is a logical benefit for businesses with a logistical and production based model. There is a well-found emphasis on security with a double electrified, 2.4 metre high fence that is patrolled 24 hours a day. Southgate Business Park is also one of the largest of its kind within the greater Durban Metropolitan area and holds various freehold and sectional title properties.

The demand for property within this park is proven, however stock availability is somewhat scarce

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Contact the Agent

Seamus Holmes » +27 82 806 4405
[email protected]

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Please Note Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.

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