Industrial Warehouse Facility

AUCT-000705 | On Auction

256 Chamberlain Road, Jacobs, Durban, KwaZulu Natal


Industrial Warehouse Facility, 256 Chamberlain Road, Jacobs

Four warehouses with GLA of ± 2 700 m² | Undercover loading bays | Two road accesses | Projected Annual Gross Income ± R1.8 Million

Locality

The property is located within the greater South Basin Industrial region and more specifically in an area known as Jacobs / Mobeni. This industrial node is bisected by the South Freeway M4 and is in an area south of the Durban Harbour. There is significant demand for both end-users and investor/tenants in this area as availability is very limited. The majority of businesses are of an industrial, warehousing and manufacturing nature. There is a large labour catchment area feeding from Wentworth, Merewent, Montclair and Umlazi.

The property occupies a prominent position on the corner of Chamberlain and Hullett. There is easy access to the M4 Southern Freeway via the Quality Street intersection,

The property consists of 4 warehouses, 1 undersover loading bay and 3 office blocks. 2 of the warehouses is double volume and all buildings are interconnected. There is easy access onto the property via two large gates, one off Chamberlain Rd and one off Hullett Road. Access to the warehouses can be gained through one of 4 roller shutter doors.

The yard area is ± 1 000 m² with a total property extent of ± 4 093 m².

There are currently 2 tenants occupying ± 2 000 m² with an estimated ± 700 m² vacant. The projected Gross Annual Income on a full tenancy is ± R1.8 Million

Warehouse 1: ± 443 m²
Warehouse 2: ± 444 m²
Warehouse 3: ± 432 m²
Warehouse 4: ± 320 m²
Loading Cover: ± 375 m²
Offices: ± 460 m²
Ablutions/storage: ± 261 m²

Total: ± 2 735 m² (Estimated)

Viewings: 05 & 19 July from 14h00 to 15h00

To participate in this physical auction each bidder has to follow the registration procedures.

Commercial Type:
Industrial Property
Web Reference:
AUCT-000705
List price:
POA
Address:
256 Chamberlain Road, Jacobs, Durban, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
25 July 2018 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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Auction Date: 25 July 2018 11:00 am

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