Entire Industrial Park In Springfield Park

Entire Industrial Park In Springfield Park

AUCT-000498 | SOLD

1-5 Quintas Park, 331 Inanda Road, Springfield, Durban, KwaZulu Natal


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Excellent Industrial Investment Property, Unit 1 - 5 Quintas Park, 331 Inanda Road, Springfield Park, Durban

CORPORATE PROPERTY DISPOSAL

OPENING BID STARTING AT R27 MILLION

Total GLA: ± 5 958 m² (5 Units) |Projected annual income: ± R4 900 000 (including operational costs) based on market rentals | Unit 3: Kept vacant for end user investor

Unit 1: ± 602 m²
Unit 2: ± 1 051 m²
Unit 3: ± 1 502 m²
Unit 4: ± 1 901 m²
Unit 5: ± 900 m²

Quintas Park consists of five industrial units which are fully let and ranging from ± 609 m² to ± 1 921 m² in size and is well located near the offramp to the N2 Freeway. Most of the costs are recovered from the tenants by a m² ratio collection.

The property is located in Springfield Park approximately 8 kilometres north of Durban’s Central Business District. The area surrounding the subject property is traditionally of high demand and has good occupancy levels. The precinct comprises predominantly of large factory warehouses and industrial sectional title complexes. It forms part of the northern corridor, which includes surrounding industrial nodes such as Riverhorse Valley, Springfield Business Park and Briardene. This corridor is connected by the N2 Freeway stretching north from the Umgeni River as well as the newly extended Nandi Drive from Briardene to Riverhorse Valley. The establishment of Riverhorse Valley (Durban’s flagship industrial node) as well as the Nandi Drive extension has been the primary catalytic developments in creating the northern corridor. Inanda Road (M21) and Umgeni Road (M19) join the N2 National Freeway to the west and the M4 Freeway to the east.

Viewing: 17 August 2017 from 14h00 to 15h00

To participate in this physical auction each bidder must follow registration procedures which can be obtained on this webpage

Commercial Type:
Industrial Property
Web Reference:
AUCT-000498
Final price:
POA
Address:
1-5 Quintas Park, 331 Inanda Road, Springfield, Durban, KwaZulu Natal
Property Extent:
5958 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
23 August 2017 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
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