Industrial Property

AUCT-000725 | SOLD

10 Monaco Place, Westmead, Pinetown, KwaZulu Natal


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Industrial Property, 10 Monaco Place, Westmead, Pinetown

Property consists of two warehouse spaces: ± 460 m² with vacant occupation | Loading dock and ± 400 m² tenanted with Gross Annual Income: ± R 307K

LOCALITY

The property is located at 10 Monaco Place, within the sought after Westmead industrial node. The area is comparable to the industrial nodes within the Northern Corridor including Riverhorse Valley, Springfield and Umgeni Park. Westmead is positioned adjacent to the city of Pinetown in the inner west region of the eThekweni Municipality. The area comprises a mix of light industrial, general industrial, warehousing and
factory type properties.

Westmead enjoys a close proximity to major arterial routes and good exposure to the N3 National Freeway. and also provides direct access to the M13 Highway & Pinetown Central Business District to the north.

PRIMARY USE

This property is located at 10 Monaco Place in Westmead Industrial Park. The property consists of two factory warehouses each with its own secure access directly from Monaco Place.

Upper Level Warehouse – The GLA is ± 460 m² with a floor to ceiling height of ± 6m. There is an internal loading dock which is accessed via an ± 4m roller shutter door. There is a separate access to a reception area with an office and toilet. The warehouse has 2 dry-walled offices with a staff change room/shower/toilet. There is a separate toilet in the warehouse also. The warehouse is accessible from the reception area.

There is a 100Amp power supply.
The load-bearing, as per the Seller, is ± 1 000kgs per m²

This warehouse is accessible through a secure gate and there is parking for approx. 6 motor vehicles onsite.

Lower Level Warehouse – The GLA is ± 400 m² with a floor to ceiling height of ± 4.5m. There is an undercover ± 4m roller shutter door to access the warehouse. There is a separate access to a reception area with an office and toilet. There are 3 large dry-walled offices with a showroom and boardroom area. The warehouse has 2 toilets and 2 showers (The showers have not been used for many years). The warehouse is accessible from the reception area. There is a basement storage area of ± 35 m²

There is a 100Amp power supply.

This warehouse is accessible through a secure side gate and there is parking for approx. 6 motor vehicles onsite.

The municipal rates for the property is ± R8 000 monthly. The sale will not include the alarm system.
The Seller is not VAT registered.

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

Commercial Type:
Industrial Property
Web Reference:
AUCT-000725
Final price:
POA
Address:
10 Monaco Place, Westmead, Pinetown, KwaZulu Natal
Property Extent:
860 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
21 August 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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