Platformed Sites For Sale - Verulam

R48,015,000.00

Verulam, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP6982
Asking Price : R48,015,000.00
Ownership : Freehold
Land Size : 99000m²
Building Size : 1585m²


Description

Industrial Property for Sale in Verulam.

Well-priced, large 99,000m2 industrial-zoned property just outside the Northern border of Cornubia.

The site is ready for further development now. The platforms are level, well-established (cut in the 1980s) and the whole property is secured by a brick wall and / or electrified fence which cost +-R2m in 2011.

Valuable infrastructure is already in place:

• Water & Main-line sewerage
• 500KVA power supply
• Roads (a mixture of gravel and tarred)
• Electric gate / guard hut
• Office building (+235m2)
• Factory building and covered storage (+1350m2):
• A Geo-tech survey has been completed

The existing platformed area totals +-41,748m2:

• Platform 1: +-8,168m2
• Platform 2: +-4,906m2
• Platform 3: +-13,052m2
• Platform 4: +-15,622m2

Note: Water and power need to be extended to Platforms 1,2 and 4

Location:
• About 1km from the Ottawa Station and adjacent to the Durban – Richards Bay railway line.
• The site’s location on the hill facing Cornubia could provide excellent branding opportunities for tenants • The property borders on residential areas, so a labour force of both skilled and unskilled workers is very close by.

R48,015,000,00 equates to just R485 / m2 for the full 99 000 Erf and R1150/m2 on the platforms.

There’s an existing tenant on one of the 4 platforms, and therefore sold as a going concern.

Father detailed information available on request

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Contact the Agent

Yianni Pavlou » ++27 82 494 4555
[email protected]rtfolio-property.com

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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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