by In2assets  |   June 8, 2021

Industrial/Retail Property With Cold Storage

In2assets will be auctioning a Springfield Park industrial/retail property with cold-storage facilities on June 23 at 11am at the Mount Edgecombe Country Club.

The 1 600m² property at 121 Rochdale Road comprises retail, food processing, and cold-storage facility, with a large freezer room, occupied by the popular retailer Seafood Hyper. The property has a storage and manufacturing space, with offices on the first floor. It offers good height and there is about 180m² of yard area accessed directly off Peter Road. There are 15 off-street, open parking bays. The retail section is also accessed off Peter Road. This section comprises of a display/showroom area, supporting counter area, a sushi bar, customer ablution facilities, and a 40-seater restaurant with a full catering kitchen.

The office components on the first floor consist of a configuration individual and open-plan offices, ablution facilities, storerooms and a kitchen. Some of the offices have split-unit air conditioning. To the rear of the retail section, there is a processing facility under IBR roofing with power-floated concrete floors. This area has a height of about 6m with access via a roller shutter door off Rochdale Road. There is a double-volume, built-in freezer room of about 190m² and a 400m² cold room/chiller room with insulated wall panels. In addition, there are various storage rooms, open-plan storage areas, processing and wash areas as well as a stand-alone freezer and chill room, staff ablution facilities and change rooms.
Included in the sale is an on-site, secured back-up generator of 350KVA.

The property is in the Springfield Park and Umgeni Business Park node, about 10km north of Durban CBD. The surrounding area consists of predominantly large factories/warehouses, industrial land, and industrial sectional title complexes. It forms part of the Durban Northern Corridor, which includes surrounding industrial nodes such as Riverhorse Valley, Springfield Business Park, and Briardene. This corridor is connected by the N2 as well as the newly extended Nandi Drive running from Briardene to Riverhorse Valley.
A large labour pool exists in the neighbouring residential nodes.

“This property is highly rated due to its prime location and presents itself as a rare opportunity to the market. “Positioned on a corner site and at the busiest trading points of the Peter Road precinct, this property boasts the highest exposure levels to vehicular and pedestrian traffic. “Close to major transport hubs and a short distance from the CBD, this property would be ideal for retailers and other businesses,” says Virend Deonarain, who is handling the sale. For more information, contact Virend Deonarain at 071 383 1735, 031 574 7600 or [email protected] Email [email protected] to attend the auction as attendance is strictly by invitation due to Covid-19 regulations. Bids can be submitted remotely via the In2assets online bidding platform accessible from PC or by downloading the In2assets App from the Google Play Store or App Store.