by In2assets  |   November 3, 2022

Richards Bay Portfolio of Properties

In2assets will be auctioning four industrial properties on November 17 at 11am.

The first is a warehouse in a sought-after location at 48 Circuit Road, Westmead.

The property is currently tenanted and has an annual income of R883 000. It features a large power supply of 500Amps and has easy access from Richmond Road (M1) - an arterial route that connects to the N3 and provides direct access to the Pinetown Central Business District to the north. 

The area comprises a mix of light industrial, general industrial, warehousing and factory type properties.

The second property is an industrial and retail park at 3 Brass Link, Richards Bay.

Currently fully tenanted, with a gross annual income of R2m, it features multiple units and great visibility. 

The property currently services a light industrial and retail market. There are numerous parking bays and the property is accessed easily. Each unit has a retail front and a roller door accessed via the rear of each unit. The property is currently not sectionalised which keeps the overheads low and offers an opportunity to sectionalise and sell off the individual units.

The third property is an industrial property with a platformed yard at 114 Alumina Allee, Richards Bay. 

With a gross annual income of approximately R2.4m, the property is 5km from Port Elizabeth and is 6000m2 property in extent with 3600m2 warehouse. It has been let by Bell Equipment for several years and has good internal height, a large concrete yard, large roller door access and is situated near the port and other arterial routes. The property was also re-roofed five years ago.

The fourth property going under the hammer comprises three mini-industrial units at 56 Dollar Drive, Richards Bay.

This freestanding, freehold property offers three adjacent mini-industrial units perfect for small to medium-size operators. Currently the property is fully let. Each unit has its own large roller shutter door, large warehouse floor, a reception area or office and a mezzanine level with additional offices. Internal height is good and the property has recently been re-roofed.

For more information on any of these properties, please contact Luke Hearn on 0713518138 or email