Phoenix Industrial Ware house with national Tenant for sale by Auction

AUCT-000885 | On Auction

354 Aberdare Drive, Phoenix Industrial Park, Durban, KwaZulu Natal


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Logistical Warehouse with Blue Chip Tenant, Section 3, 354 Aberdare Drive, Phoenix Industrial Park

Extent: ± 1 822 m² | Yard: ± 695 m² | Income: ± R 1.3 Million per annum | Blue Chip tenant | Power supply: 400 AMPS

This sectional title unit is well located within the Phoenix Industrial Park and has frontline exposure to Aberdare Drive. The Tenant is the Shoprite Checkers Group a JSE listed company and has occupied the property since June 2007 with a renewed lease until 31 January 2020. The tenant has not indicated yet if they will renew the lease in February 2020. The building is accessible via a roller shutter gate and enjoys extra eave heights which suits the current tenant who is storing appliances and furniture for the supply of the company’s retail stores. There is 3-phase electricity supply with 50hz, 420 amps. The property is hold in a company and the sale of the shares is optional.

Aberdare Drive is the main road in Phoenix Industrial Park, which is a well-developed and popular industrial node in Phoenix. Phoenix Industrial Park is an economic powerhouse in the northern corridor of Durban. The Park is strategically located within easy access of all main transport networks and with an enormous source of labour, close at hand. The neighbouring Bridge City Development with its new railway link to Durban, along with the King Shaka International Airport, has served to underline the value of the Park’s strategic location.

The construction of the new link, which forms part of the eThekwini’s GO!Durban Project – City’s Integrated Rapid Public Transport Network will also feature a dedicated road lane from Pinetown’s CBD to KwaMashu’s Bridge City, accessed by the new state-of-the-art GO!Durban buses, running from Anderson Street in Pinetown’s CBD to Bridge City in KwaMashu, utilising the provincial road MR577 (Dumisani Makhaye).

The Park is managed by the Phoenix Industrial Park Lot Owners Association, who has contributed to the success of the Park by operating on a zero-tolerance policy towards crime by employing 24/7-armed response services to businesses in the Park, as well as strong partnerships with SAPS and Metro Police, as well as the presence of CCTV cameras at various strategic points throughout the Park. The park typically contains large industrial warehouses with attached office components and workshops.

Developments found here are typically of a service retail and industrial nature but also include larger industrial manufacturing uses. This is an old and well-established industrial node of Phoenix which has attracted blue chip companies such as ABI (Coca-Cola), Spar and Trellidor. Many trucking companies have also been attracted to the area due to the easy access to highways and main arterial routes.

Phoenix Industrial Park is easily accessed from either the Phoenix Highway or the KwaMashu Highway which runs east to connect to the N2 National Freeway.

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Commercial Type:
Industrial Property
Web Reference:
AUCT-000885
List price:
POA
Address:
354 Aberdare Drive, Phoenix Industrial Park, Durban, KwaZulu Natal
Property Extent:
1822 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
13 March 2019 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: 13 March 2019 11:00 am

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