Industrial/Commercial Park in Umtata

AUCT-000777 | On Auction

Umtata, Eastern Cape


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Industrial/Commercial Park, Vulindela Heights Industrial, Umtata

Extent: ± 5.1 Hectares of Industrial Park | Comprising 9 stands (some vacant & some improved) | Existing Anchor Tenant: SPAR Distribution Centre | Property in close proximity of Southernwood Shopping Centre (Pick n Pay) & BT Ngebs Mall | Gross Annual Income ± R6,700,000

Umtata is a town in the Eastern Cape province of South Africa. It was the capital of Transkei, a nominally independent but not internationally recognized southern African republic that was reincorporated into South Africa in 1994.
The property is located on the corner of Timber Street and Vulindela Road in the Vulindlela Heights Industrial area. This is a popular industrial area of the town of Umtata, situated approximately 5km south of the Umtata CBD.

Although predominantly industrial, the area is progressing into retail space as well. Errol Spring Avenue which is the main road of the area has a few offices and shops. Directly opposite the property, on the western side, is an upmarket residential area known as Southernwood. Approximately 600m north-eastwards, is the 60 000 m² neighbourhood shopping centre known as BT Ngebs which is part of the Billion Group, which officially opened in 2015 and contributes to the upliftment and development of the Umtata region. The neighbouring property belongs to Coca- Cola.

Umtata is the main town in the King Sabata Dalindyebo Municipality. Umtata or Mthatha as it is known is situated off the N2, almost midway between Durban and East London. This lively city is the gateway to the former Transkei and the popular Wild Coast.

The town has an airport serviced by various commercial airlines. All amenities and services are within 5km north-eastwards in the CBD.

This prime industrial and commercial property is situated on a large and gentle sloping site measuring ± 5.1 hectares in extent. The property is accessed from tarred road. The internal road network is concrete paving. The perimeter walling from the neighbouring Coca-Cola site is vibracrete wall, then there is clear view walling around the remainder of the property, as well as some palisade fencing. The entire inside fence is an electric fence that surrounds Spar Distribution Centre with a gated entrance. The property is well-secured with only two gated entrances to the entire property.

The property offers 17 buildings with a total building gross floor area of 10 498 m² and is described as follows:

• Main Warehouse Building

Large warehouse with an internal ablution component.

• Building 2 – Warehouse 2

Warehouse space with an ancillary office and ablution component.

• Building 3 – Warehouse 3

Warehouse which has no office or ablution component.

• Building 4 – Warehouse 4

Double volume structure offering a warehouse with two distinct ablution facilities.

• Building 5 – Bed and Breakfast establishment

Double storey structure being utilised as a bed and breakfast establishment. The ground floor consists of the reception area, kitchen, lounge and nine guest rooms with each having a self-contained shower/toilet facility. The first floor has eleven guest rooms with each having a self-contained shower/toilet facility.

• Building 6 – Conference Hall / Restaurant / Dining Hall

This part double volume and part single storey structure is being utilised as a 400-seater conference hall with a restaurant/dining hall and ablutions.

• Building 7 – Workshop / Offices

This double volume structure is mainly utilised as a workshop with ablution facilities on the ground floor, and a small mezzanine office space.

• Building 8 – Workshop / Offices

A double volume structure utilised as a workshop with ablution facilities on the ground floor, and a small mezzanine office space.

• Building 9 – Residential Rooms

A single storey, rectangular shaped structure being utilised as nine residential rooms with a communal kitchen and ablution facilities.

• Building 10 – Residential Rooms

A single storey structure attached to Building 8, being utilised as thirteen residential rooms of which the section with six residential rooms, has a communal kitchen and shower/toilet, and the section with seven residential rooms has its separate communal kitchen and shower/toilet facility.

• Building 11 – Office Block 1

A single storey structure being used as an open-plan office with kitchen area and shower/toilet.
• Building 12 – Office Block 2

A single storey structure being used as an open-plan office with kitchen area and shower/toilet.

• Building 13 – Workshop/Offices

A single storey structure being used as a workshop with a shower/toilet facility
• Building 14 – Residential rooms

A single storey structure being used as four residential rooms, a lounge, a kitchen, 2 X shower rooms and 2 X toilets.

• Building 15 – Stores

A single storey structure utilised as two stores with a toilet.

• Building 16 – Guard house / store

Guard house encompassing some stores and ablutions.

• Building 17 – IBR stores

IBR clad store with a storage verandah in the front.

There are 9 JOJO tanks that service the accommodation as well as the conference centre that will form part of the sale. A list of other movable assets that will form part of the sale will be available soon.

To participate in this physical auction each bidder has to follow the registration procedures of In2assets.

Commercial Type:
Industrial Property
Web Reference:
AUCT-000777
List price:
POA
Address:
Umtata, Eastern Cape
Property Extent:
5.1 ha
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
25 October 2018 11:00 am



Auctioneer:
Rainer Stenzhorn
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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DIRECTIONS
Auction Date: 25 October 2018 11:00 am

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