Large Industrial Property With Rare Development Land

AUCT-001549 | On Auction

Large Industrial Property With Rare Development Land

15 Moreland Drive, Red Hill, Durban North, KwaZulu Natal

Large Industrial Property With Rare Development Land. 15 Moreland Drive, Red Hill, Durban North

Extent: ± 9803m² | Brilliantly positioned along Chris Hani Road | ± 2600m² of warehousing | 6 Lettable spaces | Income generating | Significant development potential | Large yard areas for trucks | Gross Annual Income: ±R 1.25 Million| Significant upside on current rental income


15 Moreland Drive is an incredibly rare property in the heart of Red Hill, a high demand industrial node, in that it presents a large land parcel prime for development or to be used for storage of trucks/equipment. The site area of the subject property is ± 9803m² with roughly 2 600m² of warehousing and offices divided between 6 lettable areas. Currently multi-tenanted and occupying a fantastic corner position the potential is endless, the site would work well for a development into storage units, accessed via the top road and bottom road. The property would also suit a development of mini-industrial units which are exceptionally high in demand in this area. The property would also suit a trucking, logistics or plant hire business that may require some offices and warehouse space with significant yard. Plans are available on request.

Commercial Type:
Industrial Property
Web Reference:
AUCT-001549
List price:
POA
Address:
15 Moreland Drive, Red Hill, Durban North, 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


Luke Hearn
                                                         In2assets Representative

Property Agent


Luke Hearn
Show number
[email protected]


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