Fully Tenanted Business Park

Fully Tenanted Business Park

AUCT-000761 | On Auction

32 Old Mill Road, Tongaat, KwaZulu Natal


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Fully Tenanted Business Park, Proposed Portion 2, 32 Old Mill Road, Tongaat

20 Units with a Gross Annual Income of ± R2 Million | The park is ± 16 046 m² | ± 3 km to King Shaka Airport

This industrial and mixed use node is also known as the Tongaat business park. Tongaat is a well-established town along the north coast of KwaZulu-Natal and holds great historical value. The town is fully sustainable with a great variety of blue chip and local retail shops, a large industrial node, schools and a regional hospital. The property is approximately 3km from the new King Shaka International Airport.

This property originally formed part of the Tongaat Business Park however the owner decided to collapse the sectional register and to carve the site into smaller portions. This is essence allows smaller traders to afford ownership of their own independent properties. As per the town’s special framework; portions 1 and 6 are zoned for mixed use. There are a number of existing buildings on the property which are sub-let to various tenants.

Access is gained from Old Mill Road through a secure access. The park is fully tenanted with 20 different units and currently has a Gross Annual Income of ± R2 Million. The proposed Erf size is ± 16 046 m². The property will be sold as one single investment.

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Commercial Type:
Business Park
Web Reference:
AUCT-000761
List price:
POA
Address:
32 Old Mill Road, Tongaat, KwaZulu Natal
Property Extent:
±16046 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
19 September 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: 19 September 2018 11:00 am

Introduced by:
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