Industrial Investment

AUCT-000842 | On Auction

Voortrekker Street, Jacobs, Durban, KwaZulu Natal


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Industrial Investment, Corner Voortrekker and Hutchinson Street, Jacobs

GLA: ± 2 000 m² | Gross Annual Income: ± R1.1 Million | High demand industrial node

Property Locality

The property is located within the greater South Basin Industrial region and more specifically in an area known as Jacobs. The Jacobs Industrial node is bisected by the Southern Freeway (M4) and is in an area south of the Harbour and north of the old Durban International Airport. This area has experienced increased demand due to the completion of the upgrading of the Quality Street intersection with the M4.

Developments found here are typically of an industrial and a manufacturing nature but also include some offices. This node is characterized by established and emerging tenants and/or owner-occupiers. Jacob’s industrial precinct is wedged between the residential areas of Wentworth and Merewent to the south,
Montclair to the west and the Bluff to the east. The property enjoys good access as well as being in close proximity to the Harbour and Port.

The property occupies a corner position with good exposure. The local vicinity offers most modern day amenities and public facilities with Quality Street providing access to any amenities that may not be in the immediate location.

Primary use

The property is similar in design to many of the older Jacobs properties with its “saw tooth” roofing architecture which allows for natural cooling of factories. The property consists of three inter-leading factory, warehouse and workshop spaces together with an administration component. There is a workshop accessible from Hutchinson Street via a roller shutter door. There is also direct access from the administration section to the workshop. There is an inter-leading opening between the workshop and the larger factory/warehouse. This factory space has direct access to the administration component. There is access to upper level male staff ablutions, showers and a canteen area. There are also three smaller workshop or storage areas which can be enclosed. The second factory/warehouse is inter-leading to the first factory space and is accessible from Voortrekker Street via a roller shutter door. The second factory space has a female ablution area as well as two mezzanine factory administration offices.

There is 800Amps of power supplied to the factory as well as a gas line which ties into the mainline gas supply. The administration component consists of a reception area, boardroom, 6 offices and ablutions.

There is a fully fences parking area accessed through an automated gate directly off Hutchinson Street. This parking area, as well as the adjacent land along Voortrekker Street belongs to the municipality however it has always been used by the owners of the property.

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

Commercial Type:
Industrial Property
Web Reference:
AUCT-000842
List price:
POA
Address:
Voortrekker Street, Jacobs, Durban, KwaZulu Natal
Property Extent:
2000 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
06 December 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: 06 December 2018 11:00 am

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