Office Block within Riverhorse Valley Industrial Park

Office Block within Riverhorse Valley Industrial Park

AUCT-001247 | On Auction

22 Island Circle, Riverhorse Valley, Durban, KwaZulu Natal


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OPENING BID: R15 MILLION - ± 3 445 m² A-Grade Office Block. 22 Island Circle, Riverhorse Valley

Site Extent: ± 2 870 m² | GLA: ± 3 445 m² | Gross Annual Income: ± R 3,6 Million (Including Recoveries) | 110 Parking bays | Sought-after area within Riverhorse Valley Business Park

This property known as “The Block” comprises of a 5 storey building with A grade offices. The property has two separate access and egress driveways supporting 110 secure parking bays which is rare and is a plus sign in this sought-after business estate. The entire property is secured by palisade and electric fencing. Note that the electric fencing and gate motors are not in working order.

Each level of the building wraps around the central core which comprises of the lift, common foyer areas overlooking the Umhlangane River through high glass windows and the communal ablution facilities.
The basement level comprises 55 parking bays and is accessed via security manned automated gates. The ground floor level comprises 33 covered parking bays and 22 open parking bays accessed from own driveway. Access to the upper level offices is via the security desks. The ground floor further comprises of the paraplegic toilets.

The first, second and third level of the building comprises A grade offices, either individual or open plan offices with dry walling partitions. Each level has large open balconies fronting the northern boundary of the property and three smaller balconies on either wing of the central core. With separate access points on each level, each floor can accommodate 4 different tenants enjoying the use of a balcony. Offices or office levels that are currently occupied by tenants are designed tastefully reflecting the organizations approach which integrates with the needs of their clients. Almost half of the second floor of offices are currently vacant, however all of the server and computer cables and partitioned drywall offices are in place and this vacant portion is ready to be occupied.

The property is located within the Riverhorse Valley Business Estate. Riverhorse Valley Business Estate is a high-end development, one of the Moreland Developments’ and one of the City’s flagship projects, occupying a highly visible and prominent location alongside the N2 Freeway. The property is more formally described as being set within the north-eastern precinct of the node, as it lies east of the N2 Freeway, which bisects the node.

The Umhlangane River meanders through the estate and is buffered by a conservation area. This river flows adjacent to the property. There are two arterial routes that link the eastern and western precincts of the estate via bridges passing over the Umhlangane River.
One of the bridges being Island Circle runs alongside the property. At the core of the estate is the Riverhorse Petroport. This fully developed business estate is primarily geared for ‘blue chip’ industrial related companies. Riverhorse Valley is considered one of eThekwini's prime industrial locations and comprises a mix of heavy and light industrial properties as well as A grade offices and the eThekwini Hospital. Other neighbouring industrial areas include Red Hill, Briardene and Umgeni Business Park.

The property is located and accessed directly off Island Circle. Island Circle links to Corobrik Road. Corobrik Road connects onto Queen Nandi Drive (M45) to the south which links directly to the N2 National Freeway. The property is conveniently located close to all amenities, including the Gateway Theatre of Shopping, La Lucia Ridge Office Park and several major arterial routes.

Please view https://in2assets.co.za if you would like to Bid via the In2assets Bidding Platform. R 50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required.

Commercial Type:
Office Space
Web Reference:
AUCT-001247
List price:
POA
Address:
22 Island Circle, Riverhorse Valley, Durban, KwaZulu Natal
Property Extent:
±2870 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
22 July 2020 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required.
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Auction Date: 22 July 2020 11:00 am



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