Industrial Mini Factories in Margate, South Coast

Industrial Mini Factories in Margate, South Coast

AUCT-001321 | On Auction

7 Industrial Road, Margate, KwaZulu Natal


Please click here to download the Property Information Pack.

Multi Tenanted Industrial Park in South Coast. 7 Industrial Road, Margate Industrial Park, South Coast KZN

Combined Site Extent: ± 18 828 m² | GLA: ± 7 300 m² inclusive of yard areas | Fully tenanted - Gross Annual Income: ± R1 145 000| Zoned: Light Industrial | 20 Lettable areas with 13 tenants | Available bulk for further development: ± 6 000 m²

This property is made up of three portions namely Erf 455 Margate which is zoned light industrial measuring ± 16 116 m², Portion 10 of Erf 4 Ramsgate which is zoned office measuring ± 1138 m² and Portion 5 of Erf 4 Ramsgate which is zoned residential measuring ± 1577 m². The property is generating a substantial income from its 20 lettable areas of which 4 are yard areas. They are occupied by 13 tenants. There is potential to increase this income through development of the two vacant adjoining sites (Portion 10 of Erf 4 Ramsgate and Portion 5 of Erf 4 Ramsgate) with a potential bulk of ± 6000 m². On average each tenant has an 8% escalation every year. The property is fully tenanted with the Seller of the property using a single workshop. Most tenants have been in occupation for over 5 years and the national tenant anchor tenant being in occupation since 1988.

The property is located in a prime Margate industrial area. It is positioned near the main taxi rank and around the corner from the local police station. The property is situated between the local airport and the Indian Ocean, just above the hustle and bustle of Marine Drive in Margate Central. Margate Industrial Park is positioned within walking distance from the Hibiscus Shopping Mall.

Easy and quick access to the N2 Freeway can be obtained via the R620 Main Road. All modern amenities can be found with a radius of 5km from the industrial park.

Commercial Type:
Industrial Property
Web Reference:
AUCT-001321
List price:
POA
Address:
7 Industrial Road, Margate, KwaZulu Natal
Auction Venue:
Office 505 Strauss Daly Place
41 Richefond Circle
Durban
KwaZulu Natal
Auction Date:
01 October 2020 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 25 000 refundable registration deposit. Strictly by EFT. FICA Documents are required
SAVE
PRINT
DIRECTIONS
Auction Date: 01 October 2020 11:00 am


Participate in our next upcoming combined auction and enjoy maximum exposure in the market place.