± 3 818m² Industrial Property in Pinetown

AUCT-001548 | On Auction

± 3 818m² Industrial Property in Pinetown

12 Ivy Road, Pinetown, KwaZulu Natal

± 3 818m² Tenanted Industrial Property in Pinetown. 12 Ivy Road, Pinetown

Extent: ± 3 818 m² | Fully Tenanted | Gross Annual Income: ± R 1 130 000 | ± 20 Parking Bays


This prime industrial property is situated at No. 12 Ivy Road and enjoys easy access to the M19 via Shepstone Road. The property is centrally located in an industrial node of Pinetown which is situated approximately 25km west of the Durban's Central District and approximately 1km east of the Pinetown Central Business District. The node also enjoys easy access via various arterial routes such as the M7, M19 and M31.

This property is improved with an industrial building with a lower and upper ground floor as well as a first floor over a portion of the building. Due to its unique configuration the property accommodates multiple tenants on the various levels.

The lower ground level hosts a reception area with a configuration of offices, board room, kitchenette and Storage areas with ablution facilities.

The upper ground floor makes up the main part of the building and consists of an administration segment comprising of various office spaces, storerooms, kitchen and ablution facilities. The administration area leads onto the main factory floor which offers an open span floor area with ablutions and change room facilities for staff. The unique design of the roof of this building allows for ample natural lighting. The first floor is accessed via a steel staircase and comprises a small mini factory with a front reception area and managers office.

Further improvements to the property include paved and tarred yard areas with electric fencing on all boundaries. The property also has 2 entrance points and accommodates parking for approximately 20 vehicles.

The property is presently fully let and generates a gross annual income of ± R 1 130 000.00

The immediate surrounding area comprises mainly industrial type end-user and investor-type properties. Properties in this node are a mix of freestanding industrial factory/warehousing with office components and a few interspersed sectional title mini-factory complexes. Neighbouring industrial nodes include New Germany, North Industrial and Falcon Industrial Park. Access to the property is directly off Ivy Road which links to Shepstone Road (Qashana Khuzwayo Road) to the east. Shepstone Road is one of the main arterials connecting to the M19 and to Old Main Road. The latter carries large volumes of traffic to and from the Pinetown Central Business District.

All modern-day amenities such as medical; municipal, civil protection; and shopping centres are within a 1km radius of the property. The area is fully serviced. The property is in close proximity to a taxi route which makes convenient transportation to and from work for staff.

Commercial Type:
Industrial Property
Web Reference:
AUCT-001548
List price:
POA
Address:
12 Ivy Road, Pinetown, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
19 October 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: 19 October 2021 11:00:00am


Muhammad Ali
                                                         In2assets Representative

Property Agent


Muhammad Ali
Show number
[email protected]


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