Durban Industrial Business Park for Sale by Auction

AUCT-000972 | On Auction

Illovo, Kingsburgh, KwaZulu Natal


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Industrial Business Park – New Dube Trade Port, Old Main Road, Illovo

DEFAULT SALE

Total combined property extent: ± 57 469 m² | Gross Annual Income: ± R6.3 Million | Gross Building Area: ± 14 856 m² | Warehouses, factories, office blocks, workshops, 95 self-storage units | Surrounded by Dube Trade Port Sites

This well-presented business park is situated in Illovo which is South of the Durban CBD and close to the N2 Freeway, linking to Durban Harbour and all major routes in- and out of Durban. This park is made up of an Industrial development on 3 x subdivisions, with various buildings, mini storage facilities and warehouses with national and international tenants. The total building area is about 14 850 m² which is divided into:

- 6 bigger industrial ware houses
- 19 mini ware houses
- 95 self-storage units with extra heights
- 1 office block with 10 x office units

There is a 2.7 MVA electrical supply, backed by two large generators. Highly sophisticated electrical meterage system to measure power usage at peak times. Prepaid electrical meters on mini-units, grey water storage and supply backed up by Jo-Jo Tanks (380000 Litre) to minimise water consumption.

The existing site works comprise perimeter electric fencing, controlled access through vehicular gates and concrete paved/ earth hardened yard areas.

The property originally housed the old Illovo Sugar Headquarters. It has now been developed to accommodate the "Illovo Business Park", forming part of the greater Lower Illovo area. The site is positioned approximately 2,5km west/ inland of the small coastal town of Winklespruit. This node is located 31km, 6km and 1,6km south of the Durban Central Business District, Amanzimtoti and the (R603) Umbumbulu Road respectively, being nestled between the (N2) National Freeway and the Illovo River.

The properties are near rectangular to irregular in shape, sloping at a gentle gradient. The property has 2 road frontages to the Old Main Road and Dipping Tank Road and therefore is afforded fair exposure to passing pedestrian and traffic flow.

The immediate area comprises a mix of Service Industrial, Light Industrial, Low key Commercial, the Illovo Head office, Club and Live Stock Outlet. Surrounding this semi established industrial node are farms being utilised for sugar cane activities to the main.

The KwaZulu Natal Government has closed a deal of the R11.5 billion Industrial Park to grow the car manufacturing sector in the province. Construction of the Automotive Supply Park along the Illovo River Banks has already taken off and construction will be in 4 phases and R4.2 billion per phase. The Department of Economic Development and Tourism has bought 1000 hectares of land on the Illovo River Banks at R70 million to set up the Automotive Supply Park. Component and car manufacturers for companies such as Toyota, MAN Truck and Bus and Volvo Trucks have already shown interest in obtaining property within the area declared as a Special Economic Zone (SEZ). All suppliers who are spread across the city are encouraged to move to the area.

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

Commercial Type:
Business Park
Web Reference:
AUCT-000972
List price:
POA
Address:
Illovo, Kingsburgh, KwaZulu Natal
Property Extent:
57469 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
24 July 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: 24 July 2019 11:00 am

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