Industrial Mini-Factories in Hillcrest

AUCT-001393 | On Auction

Industrial Mini-Factories in Hillcrest

Sections 2-12, 18, 19, 21-26, 30-32 & 34-36 SS Fischer Park, Blessing Ninela (Fischer) Road, Hillcrest, Durban, KwaZulu Natal

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Auction Date: 09 December 2020 11:00:00am

25 x Industrial Mini Factories in Hillcrest. Sections 2-12, 18, 19, 21-26, 30-32 & 34-36 SS Fischer Park, Blessing Ninela (Fischer) Road, Hillcrest

Combined Extent: ± 9 629 m² | Gross Annual Income: ± R3.9 million | Mini-factories range from 275 m² to 800 m² | Sold individually or as a combined lot



There are 25 industrial mini-factory units that form the sale on auction are part of a service industrial sectional title development known as Fischer Park. The scheme comprises 36 units in total. The property occupies a triangular shaped site which has approximately 300 metres of road frontage and slopes downwards from road level.

The site is improved with 8 separate buildings each comprising mini factory units of varying sizes. Due to the slope of the site some of the buildings are double storey, although offering drive-in access to all units. There are essentially four driveways running along the length of the site providing easy drive-in access to all buildings and units. The subject units are set within all the buildings.

The buildings are of modern industrial design and were constructed in 2008 / 2009. Construction is of concrete columns with brick in-fill walls which have been plastered and painted. The roofs are of IBR chromodek sheeting over steel rafters complete with sisolation. The lower ground floor units have painted concrete slabs as ceilings. The units include aluminium framed glazing.The workshop floors are finished with power floated concrete whilst the majority of the office accommodation and ablutions have ceramic tiled floors.

Although the units vary in size each workshop comprises a ground floor reception office with male and female ablutions and a small kitchenette. Each unit also has a mezzanine level with internal stair access, which is either used as office or storage space. Some of the mezzanine levels protrude outwards from the front elevation, forming covered parking to the front of the unit. Every unit has a 4 metre high roller shutter door entrance.

SS Fischer Park is located off Inanda Road in an area west of Waterfall and the Brackenhill Industrial Park and north-east of Hillcrest. The industrial complex is accessed from Blessing Ninela Road (Previously Fischer Road) which becomes Ngwele Road as it travels north; and adjoins Inanda Road (M33) to the south, near the Hillcrest Christian Fellowship Church. Inanda Road travels south-west into the centre of Hillcrest and adjoins the Old Main Road (R103) which in turn accesses the M13 Highway. Ngwele/Fischer Road provides direct access into the InandaValley to the north-east and provides rear access to the Brackenhill Industrial Park. The immediate surrounding area is currently vacant agricultural land and open veld but in the near vicinity and between Inanda and Ngwele Road is the Cotswold Downs Golfing Estate.

The area described above is situated east of the Hillcrest central business district which offers most modern amenities and is only 3 kilometres south. As mentioned above it is located between Hillcrest and Waterfall in an area displaying rapid growth in the residential market and as such there has now been a resultant increased demand for local industrial property. The site itself is generally triangle in shape and adjoins the Nkutu Stream to its southern and longest boundary. The site has a general downwards slope from its northern corner towards its southern boundary with the stream; whilst enjoying approximately 300 metres of road frontage.

Commercial Type:
Industrial Property
Web Reference:
AUCT-001393
List price:
POA
Address:
Sections 2-12, 18, 19, 21-26, 30-32 & 34-36 SS Fischer Park, Blessing Ninela (Fischer) Road, Hillcrest, Durban, KwaZulu Natal
Auction Venue:
The Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
09 December 2020 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. No cash. FICA Documents are required
Virend Deonarain
                                                     In2assets Representative

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Virend Deonarain
071 383 1735
[email protected]


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