19 Mini Factory Units

19 Mini Factory Units

AUCT-000775 | On Auction

12 Nipper Road, New Germany, Durban, KwaZulu Natal


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19 Mini Factory Units, 12 Nipper Road, New Germany

19 Tenanted units with a GLA of ± 2 667 m² | Large yard areas | Further development opportunity | Fully tenanted | Gross annual income: ± R1 500 000

The subject property is located at 12 Nipper Road which is situated between Roger Sishi Road & Otto Volek Road in New Germany, with direct access to both roads. The close proximity to these roads allows easy access to the M19 and other arterial routes into the surrounding areas.

The subject property is prominently located on Nipper Road and comprises 19 units all of which are tenanted. The property has great access and large yard areas with additional onsite parking. The site also allows for further development opportunities. There are approved plans for a further ± 270 m² factory. The property has a gross annual income of roughly R1.5 Million with an estimated annual net income of R1.4 Million
.
New Germany is a well-developed neighbourhood situated within the outer west council node of Durban’s Ethekwini municipality. This suburb is easily accessible from the M13 and M19 highways which link Durban with Pinetown. The suburb is synonymous with heavy and light industries and its one of the most senior industrial trade nodes in South Africa. This node is popular with business owners as it provides easy access to a customer base in and around Durban. There is also plentiful access to artisan employees who resides in New Germany, Pinetown and Clairmont. There are good standard of schools and other community facilities such as established retail centres within proximity.

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Commercial Type:
Industrial Property
Web Reference:
AUCT-000775
List price:
POA
Address:
12 Nipper Road, New Germany, Durban, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
25 October 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 October 2018 11:00 am

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