± 2 100 m² Investment Property with Established Tenants

AUCT-001537 | SOLD

± 2 100 m² Investment Property with Established Tenants

127 Umbilo Road, Congella, Durban, KwaZulu Natal

± 2 100 m² Investment Property with Established Tenants. 127 Umbilo Road, Congella, Durban

GBA: ±2 100 m² | Gross Annual Income: ±R 1 Million | 600 AMPS Power Supply | Double Storey Industrial Building | Currently with 4 established CMT tenants


This property offers an investment opportunity with 4 different CMT tenants, who have established themselves within the property. The property is positioned directly behind The Bargaining Council for the Clothing Industry and opposite the AFROX Gas and Gear site. The property fronts onto the busy Umbilo Road, exposed to high levels of traffic and perfect for brand/signage exposure. The property offers covered yard area at the rear, a driveway wide enough for container access and parking space for approximately 15 motor vehicles (in the front and one side). The property has 600 AMPS of power supply.

The improvements on the property consists of factory space on the ground floor and first floor. Each of the factory space further comprises of supporting offices, workshops, store rooms ablution facilities and the larger factories with staff change rooms. The first-floor factory has goods access via a 500kg goods hoist which forms part of the sale of the property. There are split unit air-conditioners throughout the property which form part of the sale of the property however the Seller cannot guarantee whether all the air-conditioners are in working order. It should be noted that all movable items (including air-conditioners at the rear ground floor tenanted offices, machinery and equipment throughout the property) are specifically excluded from the sale.

The property fronts onto Umbilo Road, from which it gains vehicular and pedestrian access as well. It is situated within the suburb of Congella, which is an industrial node, situated west and approximately 2 kilometres from Durban’s Central Business District and close to the Durban Harbour, however various commercial mixed uses are also conducted in the area. The immediate neighbourhood consists of older type industrial properties comprising workshops, warehousing, factory, 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 Davenport Shopping Centre is within walking distance from the property. The property enjoys excellent exposure to high levels of vehicular and pedestrian traffic.

Commercial Type:
Industrial Property
Web Reference:
AUCT-001537
Final price:
POA
Address:
127 Umbilo Road, Congella, Durban, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
21 September 2021 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


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


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
[email protected]


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