± 4 000 m² Commercial Property Re-Development Opportunity Close To The Port

AUCT-001433 | SOLD

± 4 000 m² Commercial Property Re-Development Opportunity Close To The Port

168-174 Umbilo Road, Congella, Durban, KwaZulu Natal

± 4 000 m² Commercial Property Re-Development Opportunity. 168-174 Umbilo Road, Congella, Durban

Site Extent: ± 4 085 m² | Available Bulk: ± 6 000 m² | Zoned: General Business 2 | Permitted: Warehouse, shops, flats, fast food outlet etc


This commercial re-development property with a site extent of 4 085 m² is positioned on the busy Umbilo Road, approximately 500m from the Moore (Che Guevara) Road, within the Congella Industrial node. The property is positioned approximately 10 minutes-drive from the Port. The property is secure with boundary walls, electric fencing at 3 boundaries and automated gates for the access and exit driveways.

This property has a bulk factor of over 8 000 m² with only approximately 25% currently being developed. Available bulk amounts to approximately 6 000 m². The current zoning allows for the development of a warehouse, fast food outlet with drive through, shops and even flats as some of the permitted uses. The ± 3 500 m² of further development land that is currently available is almost flat and fully tarred. This development land currently consists of a wooden storage facility and an old warehouse. No access was obtained to the old warehouse and wooden structure.

The developed portion of the property comprises of the office building, 6 lock up garages and a workshop. The office building fronts onto Umbilo Road and comprises a configuration of open plan and individual offices supported by ablution facilities. Majority of the offices are drywall partitioned with split unit air-conditioners. It should be noted that some air-conditioners are not in working order. The office block is serviced by a lift that is in working order, but not currently in use. The ground floor offices have shop doors to Umbilo Road, which would be ideal as retail shops being exposed to the high levels of vehicular and pedestrian traffic. This office block can accommodate 3 different tenants easily.

A portion of the office block is currently occupied by a tenant. All movable items, alarms and CCTV cameras at the tenanted portion belong to the tenant and are excluded from the sale. There are 6 lock up garages positioned across the office block has an adjacent store room and upper floor workshop. No access was obtained into the workshop and garages. The workshop obtains access directly from the development land.
The suburb of Congella is an industrial node, situated west and approximately 2 kilometres from Durban’s Central Business District and close to the Durban Harbour.

Congella is positioned adjacent to the popular Maydon Wharf Industrial node, which is home to the prominent national companies including Portnet. The property is set on the northern side of Umbilo Road, which is a one-way route running from the southern region of the harbour to the city centre, whilst Sydney Road runs two roads south and carries traffic away from the city centre. The immediate neighbourhood consists of older type industrial properties comprising workshops, warehousing, factory, and offices, commercial and retail components. The property is well appointed in terms of necessary amenities including Durban Harbour, emergency, medical, education services and transport facilities. The property enjoys excellent exposure to high levels of vehicular and pedestrian traffic.

Commercial Type:
Mixed use Commercial
Web Reference:
AUCT-001433
List price:
Price undisclosed
Address:
168-174 Umbilo Road, Congella, Durban, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
21 April 2021 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 21 April 2021 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
071 383 1735
[email protected]


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