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
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