Industrial Investment in Prime Location Durban

AUCT-000941 | On Auction

35 Moreland Drive, Glen Anil, KwaZulu Natal


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Industrial Park With Multiple Units, 35 Moreland Drive, Glen Anil, Durban

4 Factories of ± 476 m² each | Potential annual income: ± R 1 510 000 | Fully concreted yard

This prime property comprises of 4 mini factories of ± 476 m² each. Each unit consists of an open workshop area and offices with ablutions for the offices as well as ablutions for the workshop staff. Yard improvements include a fully concreted yard with parking for ± 16 vehicles.

3 of the 4 Units are presently let and generate a gross annual income of ± R 1 150 000.00. Should the vacant unit be let, It would generate a further ± R 360 000.00 per annum thus increasing the Gross Annual Income to ± R 1 510 000.

The property is ideally accessed from the old North Coast (Chris Hani) Road and is located off Rinaldo Road in the industrial area of Glen Anil, Durban. This industrial zone is bisected by the N2 National Freeway. The Glen Anil industrial area is well established with light to medium industrial property, most of a modern design and quality of finish. It is predominantly made up of large warehouse and distribution facilities.

The property enjoys access to all major roads and a short distance away from the N2 Freeway off-ramp. The suburb of Glen Anil falls under Durban North and has established its own elite industrial area that houses some of the major South African manufacturing brands and logistic companies. The area surrounding is one of high demand and has good occupancy levels.

Glen Anil forms part of the northern corridor, which includes surrounding industrial nodes such as Sea Cow Lake, Briardene, Riverhorse Valley and Springfield Park. The corridor is connected by the N2 Freeway stretching north from the Umgeni River as well as the newly extended Nandi Drive from Briardene to Riverhorse Valley.

Viewing: By Appointment

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Commercial Type:
Industrial Property
Web Reference:
AUCT-000941
List price:
POA
Address:
35 Moreland Drive, Glen Anil, KwaZulu Natal
Property Extent:
1992 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
19 June 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: 19 June 2019 11:00 am

Introduced by:
Portfolio Property Investments

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