Massive Industrial Property for sale

Going on Auction!

This large 76 650m² industrial property presents an excellent opportunity to strategically position oneself within one of KZN’s most desired locations.

The proximity to the Port of Durban, the Old Airport Interchange and South Coast Road allows for unrivalled access and distribution in any direction. Visibility to the N2 is clear and provides great brand exposure to the multitude of passing vehicular traffic.

The property currently comprises an abundance of high-quality improvements and large yard areas, the current gross building area is ± 35 981m². Some of the improvements include various warehousing components, offices, ablutions and staff change-rooms and canteens. The property also offers a desirable power supply, very good height and multiple roller shutter doors for access into the warehouses.

The property is in good condition and has been well maintained and serviced.
In addition to end-use appeal, this property offers a good opportunity for conversion or redevelopment:

• There is a continued presence of new property developments in the area. Developments include AAA grade warehousing, logistics and manufacturing properties.

• The proposed KZN Automotive Supplier Park located in Illovo, south of Durban, which is located 16km away from the Toyota Prospecton plant and 22km from the current Durban harbour, will see the relocation of over 50 companies to the area. This provides an ideal development opportunity on this site to build multiple mini-factories, similar to Southgate Industrial Park, to cater for the overflow for service providers to Toyota.

• The proximity to the new dug-out port which is proposed for development on the old Durban International Airport site creates additional demand. This dug-out port will answer Durban’s growing demand for larger ships and container growth, and certainly to cater for motor vehicle imports and exports. This would be an extension of the busiest port on the continent, which currently results in thousands of daily container-related heavy movements around the Bayhead area.
As a long-term investment, on completion of this proposed dig-out port, the desirability of the location of this property will escalate.

• The area has a mix of large to small industrial properties and the sheer size of the site offers a versatile development or conversion opportunity to cater for the area’s demand.

As per the Title Deed, the property is subject to various servitudes, including a Permanent Servitude Area
granted to Transnet, Pipeline Servitude, S&D Servitude and an Electric Cable Servitude.

Auction to be conducted by In 2 Assets on 3rd June 2020.

Contact Yianni for more information. rd June