Entire Storage Park

AUCT-000843 | On Auction

12 Joule Crescent, Pinetown, KwaZulu Natal


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Entire Storage Park, 12 Joule Crescent, Marian Industrial Park, Pinetown

104 Unit high demand storage facility | Gross Annual Income: ± R1 142 000 | Ideal for investors or end-user business opportunity

Property Locality

The subject property is located on a sloping site which is set on Joule Crescent within Marianhill Industrial. It is set close to the entrance of the suburb and enjoys good access and exposure. Entrance to this industrial node is gained from the Hans Dettman Highway (M34). Marianhill Industrial Park is located adjacent to Southmead Industrial, south of Pinetown's Central Business District and the M7 Highway. The neighbourhood is well established with large to medium scale industrial premises. Numerous national and blue chip industrial tenants occupy the node. A fair portion of the node is not yet developed, but vacant land is tightly held and in short supply. All vacant land has been purchased for investment or development. Low and middle income housing surrounds the node, offering a large pool of blue collar workers in close proximity.

Access to the subject property is from Edison Road. Edison Road links to Newton Road which is the main access road into this node and is accessed directly off the M34 Hans Dettman Highway. The M34 links directly to the M7 Highway which in turn provides easy access to the N2 and N3 Freeways. The nearest established central business district is Pinetown, which is located just north of Marianhill Industrial on the M13 Jan Smuts Highway. All necessary amenities and public services are offered here, approximately 5km away.

Primary use

This is a multi-unit storage facility with approximate 104 storage options which include 90 enclosed storage units, 8 open space storage areas and 6 shade cloth parking spaces for caravans or boats. The park is well designed, maintained and include a three level park layout each of these with its own wide automated gate access. The park is fully paved and fenced with night lights and CCTV cameras throughout.

The park business is currently owner managed with the service of a day manager which means that the new owner will need to manage the park or employ the services of the current or a new manager.

The costs associated with a property of this nature is relatively low example, as per the Seller:
Rates, Electricity and water: ± R9 000
Insurance: ± R1 360
Night Guard: ± R7 500
Armed Response: ± R 850

The park is sold as one whole lot only.

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

Commercial Type:
Industrial Property
Web Reference:
AUCT-000843
List price:
POA
Address:
12 Joule Crescent, Pinetown, KwaZulu Natal
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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