Industrial Park on Auction in Glen Anil
Glen Anil, Durban Metropolis, Kwazulu Natal
|Asking Price :||POA|
|Land Size :||2406m²|
Industrial Park in Moreland Drive, Glen Anil for sale by way of Auction
Situated within close proximity to the N2 and Chris Hani Road, this prime property, known as Elephant Park, comprises of 4 mini factories, measuring ± 498 m² each. Each unit consists of an open workshop/warehouse area and offices and includes separate upstairs ablutions for the offices and ground floor ablutions and change rooms for the workshop staff. The mini factories offer an excellent eaves height of ± 7 meters, offering double volume clear span space and double volume roller shutter door access. The office space is air-conditioned, with windows overlooking the workshop/warehouse space. This light industrial business park is secure, fully fenced and gated with low-maintenance face-brick buildings. Yard improvements include a fully concreted yard with undercover parking for ± 16 vehicles and ± 16 open parking bays. 3 of the 4 units are presently let and generate a gross annual income of ±R1 152 000. Should the vacant unit be let, it would generate a further ± R 360 000 per annum, thus increasing the gross annual income to ± R 1 512 000.00 As per the Title Deed, the property is subject to a Sewer and Drain Servitude.
The property is ideally accessed from the old North Coast (Chris Hani) Road and is located off Rinaldo Road in the industrial area of Glen Anil, Durban. This industrial zone is bisected by the N2 National Freeway. The Glen Anil industrial area is well established with light to medium industrial property, most of a modern design and quality of finish. It is predominantly made up of large warehouse and distribution facilities. The property enjoys access to all major roads and a short distance away from the N2 Freeway off-ramp. The suburb of Glen Anil falls under Durban North and has established its own elite industrial area that houses some of the major South African manufacturing brands and logistic companies. The area surrounding is one of high demand and has good occupancy levels. Glen Anil forms part of the northern corridor, which includes surrounding industrial nodes such as Sea Cow Lake, Briardene, Riverhorse Valley and Springfield Park. The corridor is connected by the N2 Freeway stretching north from the Umgeni River as well as the newly extended Nandi Drive from Briardene to Riverhorse Valley.
AUCTION DATE & TIME: 19 June 2019 | 11h00
VENUE - The Durban Country Club, Isaiah Ntshangase Road, Durban
Please see below full Auction Pack available for download in PDF format
Contact the Agent
Bradley Hancock » ++27 72 019 6192
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.