by In2assets  |   November 12, 2020

Commercial Investment Opportunities In KZN

In2assets will at a live auction, in compliance with Covid-19 regulations, combined with online bidding, offer three properties in Verulam, on November 18 at 11am at the Durban Country Club.

The properties are:
A large Industrial property at 26 Nyala Road, Canelands. The fully-serviced property has a level hardened and platformed yard area in excess of 22 000m2, with offices and a workshop/maintenance block. The property has three-phase power available of approximately 750 amps.
“Suitable uses for this property include logistics, wholesaling, storage and distribution/shipping facilities as well as construction related business,” says Luke Hearn who is handling the sale.
The property has 24-hour security, dual access and the perimeter has electric fencing.
A property at Terra Nera Industrial Park, off the M27 (Jabu Ngcobo Drive), in a good location close to amenities such as public transport, schools and entertainment, and shopping centres.
The property comprises a double-storey retail building, a double-storey office building with adjoining warehouse, two separate buildings with about 30 mini-workshops/garages, each with its own power supply, and various tenanted industrial yard areas.
“The property currently accommodates over 30 tenants generating a substantial amount of rental per month. Some tenants have been occupying the property for over 20 years. Tenants include a hardware warehouse, various motor mechanics, small engineering businesses, panel beater companies, an attorney and some retail to name a few,” says Virend Deonarain, who is handling the sale.
3 - 58 Aloe Drive is at the entrance road into the Waterloo Township, adjacent to the Terra Nera Industrial Park and the Cornubia and Southridge Industrial areas.
The 1 5614 hectare industrial property comprises a showroom, two warehouses and staff changerooms and ablution facilities. Both warehouses have good height with a lettable area of about 800m2 each.
“This property offers one the opportunity to re-develop it into a retail shopping centre or strip mall or to upgrade the existing improvements on site into a large logistics yard with supporting workshops, office etc,” says Deonarain.
For more information contact Luke Hearn | 071 351 8138 | 031 574 7600 | [email protected] Virend Deonarain at 071 383 1735, 031 574 7600 or [email protected] To register and attend the live auction, email [email protected] Alternatively, bids can be submitted via the In2assets online bidding platform accessible from PC or by downloading the In2assets App from the Google Play Store or App Store. | Auctions Writer