MULTI PURPOSE RETAIL AND INDUSTRIAL PROPERTY IN PRIME LOCATION

MULTI PURPOSE RETAIL AND INDUSTRIAL PROPERTY IN PRIME LOCATION

AUCT-001360 | On Auction

Section 3 Meridian Park, 27 Meridian Drive, Umhlanga New Town Centre, Durban, KwaZulu Natal

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Multi Purpose Retail and Industrial Property in Prime Location. Section 3 SS Meridian Park, 27 Meridian Drive, Umhlanga New Town Centre, Umhlanga Rocks.

GBA: ± 1 266 m² | Vacant occupation | 62 Parking bays | Helipad | Double volume warehouse / workshop with offices | Prime location for End user

This 3-storey executive property is built to the highest standards, offers elegance and comfort for a professional corporate company. The architecture strikes a balance between exclusivity and contemporary styles producing a unique feel. This spectacular modern, light and bright office building is one of the few buildings that consists of a helipad on the roof level.

Impressive from the approach, you enter the property through a double volume reception area on the ground floor. Both the ground floor and the first floor comprise a configuration of open plan and individual executive offices with supporting boardrooms, meeting/training rooms, store rooms, pause areas, server rooms kitchenettes and ablution facilities. Majority of the offices are carpeted with the common passage areas being porcelain tiled. Offices are partitioned with large glass that provide plenty of natural light infusing spaciousness. ducted air-conditioning is in place. The ground floor further links to a double volume warehouse that can also be accessed not only through the offices but also via 4 roller shutter doors from the driveways. The warehouse is supported by own ablution facilities and a shower. The Wire mesh portioned storage areas do not form part of the sale of the property.

The bonus component this property has to offer is the basement parking level that is accessed directly off Equinox Road. This basement level has a despatch/security office, 4 store rooms and 40 secure parking bays. Sprinkler systems are in place.
Off Equinox Road, the entrance and exit driveways travel around the property and further accommodates 22 open parking bays. Note that entrance driveway is shared with Section 1 & 2 SS Meridian Park.

Summary:
• One of the few properties in Umhlanga Ridge Town Centre with a helipad
• Building can accommodate 3 different tenants easily
• Double Volume Warehouse can be partitioned to accommodate two tenants easily
• 62 Parking bays (40 basement parking bays and 22 open parking bays)
• Generator, Alarm System, CCTV Cameras and Access Control System do not form part of the sale of the property however this purchase can be negotiated with the current tenant on a separate transaction after the successful sale of the property.
• Potential market rental achievable for offices: R150.00 to R200.00 per m²
Potential market rental achievable for warehouse and store rooms: R100 per m²
Potential market rental achievable for parking: R500.00 to R700.00 per m²

This property at the corner of Meridian Drive and Equinox Road in Umhlanga Ridge Town Centre boasts excellent visibility and exposure being positioned at the doorstep of the SARS Umhlanga Rocks Offices. The Gateway Theatre of Shopping Centre is a mere 430m away from the property.

The property has quick and easy access to the N2 Highway and the new R1.1 billion four-level Umhlanga Interchange, which is a vital artery in the Ethekweni Metropolitan highway system. The property is a short drive from Umhlanga Rocks Drive and is easily accessible from the M4 Highway just to its east, and N2 Freeway on the West. The M41 is also easily accessed, which continues westwards to the N2 National Freeway. The King Shaka International Airport and Dube Trade Port is located 15 minutes north.

Umhlanga Ridge Town Centre is a prime, high density urban mixed-use precinct. Within this sought-after region, there is a scarcity of available sites. The surrounding precinct is a bustling business environment, 20 minutes north of the Durban Central Business Centre and the Durban Harbour. The Umhlanga Ridge zone is considered one of South Africa’s fastest growing urban nodes. Umhlanga Ridge Town Centre comprises a combination of residential, commercial offices and retail suites. The area already houses most of South Africa’s leading business brands. Within close proximity to the property, is Genkem, South African Revenue Services, Patio Warehouse, Porsche, Talisman Hire, Honda, Citroen, Audi, Hyundai.

The local upmarket vicinity offers all modern-day amenities and services.

Commercial Type:
Mixed use Commercial
Web Reference:
AUCT-001360
List price:
POA
Address:
Section 3 Meridian Park, 27 Meridian Drive, Umhlanga New Town Centre, Durban, KwaZulu Natal
Auction Venue:
Isaiah Ntshangase Road
Durban
Durban
KwaZulu Natal
Auction Date:
18 November 2020 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. No cash. FICA Document are required.
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Auction Date: 18 November 2020 11:00 am

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