± 3 300 m² A Grade Office Block. 22 Island Circle, Riverhorse Valley
Site Extent: ± 2 870 m² | GLA: ± 3 445 m² | Gross Annual Income: ± R 3.3 Million | 110 Parking bays | Sought-after area within Riverhorse Valley Business Park
This commercial office block comprises 3 levels of A Grade open plan office levels, 55 basement parking bays and 55 ground floor parking bays. The block is currently occupied by 4 tenants generating an annual income of R3 312 000.00 (excluding Vat). Each level is serviced by an elevator and each level has a balcony. Tenants leases continue until middle 2021, making this property an ideal investment opportunity in the sought-after business park of Riverhorse Valley.
Riverhorse Valley Business Park is an industrial and commercial node set on either side of the N2 National Freeway. The Business Estate spans 302 hectares and contains development nodes for retail, office development, high-tech industrial, light / service industry and warehousing, as well as the eThekwini Hospital. The Umhlangane River meanders through the estate and is buffered by a conservation area. There are two arterial routes that link the eastern and western precincts of the estate via bridges passing over the Umhlangane River. At the core of the estate is the Riverhorse Petro port. This park is primarily geared for ‘blue chip’ industrial related companies.
Riverhorse Valley forms part of the northern corridor, which includes surrounding industrial nodes such as Sea Cow Lake, Briardene and Springfield Park. This corridor is connected by the N2 Freeway and stretches north from the Umgeni River. Riverhorse Valley is Durban’s flagship industrial node and is subject to high demand and has good occupancy levels. The area is attracting good interest from investors and developers alike. It is conveniently located close to all amenities, including the Gateway Theatre of Shopping, La Lucia Ridge Office Park and several major arterial routes.
The property is set on the eastern side of the N2 and to the northern periphery of the estate. The property enjoys an elevated corner site. Easy access to Corobrik Road which connects to Nandi Drive to the south, which runs perpendicular to the N2 and bisects the node. Nandi Drive provides access onto the N2 Freeway and into Briardene Industrial Park which adjoins North Coast Road. Mhlangane Road in turn leads into North Coast road near the N2 on and off ramps.
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