Leasehold Commercial Property

Leasehold Commercial Property

AUCT-001074 | On Auction

99 Intersite Avenue, Umgeni, Durban, KwaZulu Natal


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Leasehold Commercial Property, 99 Intersite Avenue, Umgeni Business Park.

Extent: ± 2 139 m² | Multiple tenanted | 300 AMP power supply | Offices and warehousing | Ample parking | Good access and visibility | Great height | Leasehold Commercial Property 30 years remaining| Gross annual income: ± R 1.3 Million

LOCALITY

The property is situated within the Umgeni Business Park, a well-developed and popular commercial node just off Umgeni Road. It fronts onto Intersite Avenue, south of the Umgeni River. Intersite Avenue is one road north and parallel to Umgeni Road, which provides direct access to the N2 Freeway to the west and to the Durban CBD to the east. This node is known as the Blue-Chip business hub. Developments found here are typically of a service retail and industrial nature but also include high grade offices. The node is mainly characterised by established tenants and/or owner occupiers as well as being in close proximity to the popular Springfield Value Centre and Makro Shopping Centre. The N2/M19 Interchange upgrade has recently been completed and has since greatly aided in overall accessibility to the area and strengthened local links for commuters. Intersite Avenue is a prime road within the Umgeni Business Park which brings high levels of both vehicular passing trade and destination clientele. The local vicinity offers modern day amenities and public facilities with Umgeni Road providing access to any amenities that may not be in the immediate location. The area is fully serviced.

PRIMARY USE

The property comprises a mix of commercial offices with smaller warehouse components. The property could be reconfigured to create one large warehouse or multiple warehouses to be rented out. The property is made up of 5 units and mix of tenants. The property has historically been fully let and is now 60% let with 2 current vacancies. The property is accessed via one of two electric gates leading onto a concrete palisade secured by electric fencing. The property has ample parking with roughly 42 bays.

Unit 1
Unit 1 is vacant and is accessed immediately as you enter the property. Access into unit one is from the ground floor into offices onto the upper level. There is no warehouse component to this unit.
The configuration is of open plan offices and individual offices. There are some ducted and split unit air conditioners.

Unit 2
Unit 2 is currently vacant and is accessed from the ground floor into the upper level of offices. The office configuration is drywalling partitioned offices with male and female ablutions, a kitchenette and a boardroom. The offices are open plan and individual offices which either include split air-conditioning or ducted units.
The warehouse component is accessed from the offices via a stairwell and from the ground floor via a roller shutter door.

Unit 3
This unit is tenanted by Eaton. The property also comprises offices with a warehouse component. The property has an open warehouse with some mezzanine installed by the tenants. There is also a 2-ton gantry which belongs to the tenant. This warehouse is accessed via a roller shutter door and has tremendous height of roughly 10 – 12m. The office component has direct access into the warehouse with a stairway to the boardroom on the first level. The offices include ablutions and a kitchenette.

Unit 4
This unit is tenanted by Broadband Infraco.

Unit 5
This unit is tenanted by Wright Millners. There is a rear access pedestrian security door. The unit comprises a reception office with air-conditioning – there is drywall partitioning in the unit. The unit has a small warehouse which can be extended. The property has an office component on the first floor.

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Commercial Type:
Commercial Building
Web Reference:
AUCT-001074
List price:
POA
Address:
99 Intersite Avenue, Umgeni, Durban, KwaZulu Natal
Property Extent:
2139 m2
Auction Venue:
The Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
24 October 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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DIRECTIONS
Auction Date: 24 October 2019 11:00 am

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