by In2assets  |   October 5, 2021

Large Industrial Property With Development Land

In2assets will be auctioning a large industrial property with rare development land in Red Hill on October 19 at 11 am at the Mount Edgecombe Country Club.

15 Moreland Drive, Red Hill, is about 9 803m2 with approximately 2 600m2 of warehousing and offices, divided between six lettable areas. There are three access points to the property. The building is on two levels, with main access from Moreland Drive, and there are two exclusive access points and yard areas off Randworth Close for two separate tenants. There is office space on the ground and upper levels with split air conditioning as well as security cameras. The office spaces have internal access to the workshop areas.

The workshops offer double-volume space, with good internal height, accessed via double-volume roller-shutter doors. There are also ablutions and a kitchenette. The property has IBR-clad sheds which are used for storage and as a workshop. An IBR workshop structure on the upper level of the property, accessed from Randworth Close, belongs to the tenant. There is a three-phase power supply.

The yard is partly concreted and used as a parking area. The area in front of the building offers ample open parking bays for large plant-hire equipment and vehicles.
The property is secure, fenced and gated, and manned by a security guard. The industrial area of Red Hill, in Durban North, is bisected by the N2. It is well-established, with light to medium industrial properties, and predominantly made up of large warehouse and distribution facilities. Red Hill forms part of the northern corridor, which includes the surrounding industrial nodes including Glen Anil, Sea Cow Lake, Briardene, Riverhorse Valley, and Springfield Park.

“15 Moreland Drive is an incredibly rare property in the heart of Red Hill, a high-demand industrial node, in that it presents a large land parcel that is prime for development or to be used for storage of trucks/equipment,” says Luke Hearn who is handling the sale. “The site would work well for development into storage units or mini-industrial units, which are in exceptionally high in demand in this area. The property would also be ideal for a trucking, logistics, or plant-hire business which may require some offices and warehouse space with significant yard space. “Plans are available on request.

“Currently multi-tenanted and occupying a fantastic corner position, the potential of this property is endless, offering a lucrative investment opportunity.” For more information, contact Luke Hearn at 071 351 8138 or 031 574 7600 or [email protected]

Email [email protected] to attend the auction. 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.