Industrial Property in Westmead | In2assets | AUCT-000155

Industrial Property in Westmead

AUCT-000155 | SOLD

4 Sugarbush Crescent, Westmead, Pinetown, KwaZulu Natal

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Industrial Property, 4 Sugarbush Crescent, Westmead, Pinetown

Strong international tenant | Extent: ± 3 018 m² | GLA: ± 720 m² | Gross annual income: ± R600K | End user opportunity

The subject property is located within the Westmead Industrial Zone which is one of the largest and oldest Industrial areas in South Africa. Westmead is both a logistical and manufacturing hub which is the back bone of industry in and around Pinetown. A multitude of international and national tenants are present in this node.

The property consists of ± 720 m² office and warehouse component. The current tenant has occupied the property for the past 9 years. The tenant’s parent company is based abroad and has a local customer base of approx. 2 500 active customers. Major accounts include Impala Platinum, Aquarius Platinum, Shaft Sinkers, Murray & Roberts, Chep SA, Volkswagen, Toyota, Nampak, Consol Glass and Eskom.

Commercial Type:
Industrial Property
Web Reference:
List price:
Price undisclosed
4 Sugarbush Crescent, Westmead, Pinetown, KwaZulu Natal
Floor space:
720 m2
Property Extent:
±3018 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
KwaZulu Natal
Auction Date:
28 January 2016 11:00 am

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

Property has been Sold

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