Durban Harbour Gateway To South African Economy

In the early 1850’s Durban’s harbour was a small settlement of a few timber houses and a handful of sailing ships anchored off Its Point. In those earlier days traders had to contend with rough terrain, swampy coastal areas and the unchartered wilderness but even with these challenges many local and global traders began to establish themselves within proximity of the Harbour. Today the proximity to the Port remains a primary choice of location to most businesses associated with imports and exports.

Durban Harbour Gateway To South African Economy

Carl Kleinhans – In2assets

In the early 1850’s Durban’s harbour was a small settlement of a few timber houses and a handful of sailing ships anchored off Its Point. In those earlier days traders had to contend with rough terrain, swampy coastal areas and the unchartered wilderness but even with these challenges many local and global traders began to establish themselves within proximity of the Harbour. Today the proximity to the Port remains a primary choice of location to most businesses associated with imports and exports. One may even argue that Durban’s 3.5million inhabitants rely greatly on the success of this once quiet Harbour.

Carl Kleinhans, of In2assets shared his views that the advent of independence attained by many African states coupled with quests for modernisation and international capital investment programs has secured a definite growth trend for the continent with some countries exceeding an impressive 10% growth on GDP per annum. This growth pattern impacts greatly on the importation and exportation of commodities and raw materials through Durban’s Port. With greater levels of trade comes higher demand for prime positioning. Many larger international companies are investing in capital acquisitions to ensure they secure front row positions. These companies have already identified the Port area as a first choice investment zone where industrial properties have enjoyed significant value growth in the past few years” Kleinhans made reference to the results of a recent industrial property survey which showed 13% growth in 2013. Kleinhans was also rather cautious of one alarming fact, “There however remains one frightening truth about industrial properties in and around the Harbour; there is not enough trading space!”

In2assets, the commercial property and industrial property disposal specialists, have been fortunate in representing many property owners within the Harbour precinct. This zone include amongst others Maydon Wharf, Jacobs, Mobeni and Prospecton. “Our Sellers are complimentary of the level of professionalism we show during our marketing campaigns and each campaign affords us the opportunity to meet new potential buyers as well as continued appreciation for our existing buyers. We are proud to introduce another excellent property to the market at our 17 March 2016 Commercial Property Auction.” Kleinhans made reference to an industrial giant located at 110 South Coast Road. This property boasts 11000 m² lettable space and a massive 14 000 m² yard space. The property is positioned adjacent to the Bayhead Port arterial road and holds a Noxious Zoning, which is not easy to attain in certain industrial areas. It is assumed that nearly 1000 shipping containers could be stacked onsite. The property also has a 2km rail siding.

“This property will certainly appeal to Port related operations as the close proximity of the Harbour ensure a quick turn-around time and provides great access for large logistics vehicles.”

“This is a perfect opportunity to establish in an area where there is increased demand for larger properties and limited availability”, said Kleinhans “One would expect that the future owners of this rare lease will benefit from the value of this prime position as they place themselves in a frontline position during a promising growth phase for African trade.”

For any further queries regarding this property or an intention to market any commercial property please contact Carl Kleinhans at 082 467 5664 or visit www.in2assets.com

Posted by In2Assets