± 1 822 m² Logistics Warehouse with Blue Chip Tenant- – LEASE EXPIRY 2025

AUCT-001592 | On Auction

± 1 822 m² Logistics Warehouse with Blue Chip Tenant- – LEASE EXPIRY 2025

Unit 3 SS 354 Aberdare Drive, Phoenix Industrial Park, Durban, KwaZulu Natal

± 1 822 m² Logistics Warehouse with Blue Chip Tenant – LEASE EXPIRY 2025. Unit 3 SS 354 Aberdare Drive, Phoenix Industrial Park

Warehouse Extent: ± 1 822 m² | Yard Extent: ± 695 m² | Gross Annual Income: ±R 1,6 Million (including other income) | Height to Apex: ± 10 m | Power Supply: 400 AMPS | Checkers House & Home – Blue Chip Tenant – Occupied since 2007


This Sectional Title unit is well-located within the Phoenix Industrial Park and has frontline exposure to Aberdare Drive.

The unit forms part of the Sectional Title Scheme known as 354 Aberdare Drive which comprises of 4 units, each with their own gated entrance and yard space, which accommodates ample parking spaces and easy manoeuvering of large vehicles. Unit 3 has approximately 695 m² of exclusive yard / parking area in front of the warehouse.

This unit, Section 3, has been fully let since 1995, without a single month’s vacancy.

The current tenant is the Shoprite Checkers Group, a JSE Listed Company, who has occupied the property since 2007, with a renewed lease until 31 January 2025. It must be noted that Checkers/House & Home also occupy the adjoining units i.e. (Sections 1 & 2). As per Clause 31 of the Lease Agreement, the Lessee has demolished the sub-dividing wall between the leased premises and the adjoining premises, for forklift and goods movement between the both units which the tenant occupies. On termination of the lease agreement, the Lessee will at their own cost and expense, re-instate the portion of the demolished sub-dividing wall. Shoprite Checkers have established themselves in this area as a convenient and easily accessible distribution centre.

The warehouse is accessible via a roller shutter door (± 4.4 m in height and ± 5.6 m wide) and features sizeable space measuring approximately 1 822 m² with excellent height of ± 10.6 m to apex and ± 8,1 m to the eaves, which suits the current tenant. The office component of approximately 230 m² comprises of various offices, ablutions and a kitchen area. The office area has ducted air-conditioning. Ablutions and change-rooms can also be accessed at the rear of the warehouse. Sprinkler systems are available throughout the warehouse.

There is 3-phase electricity supply with 400 amps available. The Body Corporate has recently commissioned a water tank and pump house in order to provide adequate and stable water pressure for the sprinkler system as required by ASIB. It should be noted that all movable assets belong to the tenant and are specifically excluded from the sale. It is furthermore recorded that all containers on site, CCTV cameras, furniture within the offices, racking, sprinkler system on racking and beams and the tenant’s stock, equipment and machinery is specifically excluded from the sale.

Aberdare Drive is the the main road in Phoenix Industrial Park, which is a well-developed and popular industrial node in Phoenix. Phoenix Industrial Park is an economic powerhouse in the northern corridor of Durban. The Park is strategically located within easy access of all main transport networks and with an enormous source of labour, close at hand. The neighbouring Bridge City Development with its new railway link to Durban, along with the King Shaka International Airport in nearby La Mercy, has served to underline the value of the Park’s strategic location.
The construction of the new link, which forms part of the eThekwini’s GO!Durban Project – City’s Integrated Rapid Public Transport Network will also feature a dedicated road lane from Pinetown’s CBD to KwaMashu’s Bridge City, accessed by the new state-of-the-art GO!Durban buses, running from Anderson Street in Pinetown’s CBD to Bridge City in KwaMashu, utilising the provincial road MR577 (Dumisani Makhaye).

The Park is managed by the Phoenix Industrial Park Lot Owners Association, who has contributed to the success of the Park by operating on a zero-tolerance policy towards crime by employing 24/7-armed response services to businesses in the Park, as well as strong partnerships with SAPS and Metro Police, as well as the presence of CCTV cameras at various strategic points throughout the Park. The park typically contains large industrial warehouses with attached office components and workshops.

Developments found here are typically of a service retail and industrial nature but also include larger industrial manufacturing uses. This is an old and well-established industrial node of Phoenix which has attracted blue chip companies such as ABI (Coca-Cola), Spar and Trellidor. Many trucking companies have also been attracted to the area due to the easy access to highways and main arterial routes. Phoenix Industrial Park is easily accessed from either the Phoenix Highway or the KwaMashu Highway which runs east to connect to the N2 National Freeway.

Commercial Type:
Industrial Property
Web Reference:
AUCT-001592
List price:
POA
Address:
Unit 3 SS 354 Aberdare Drive, Phoenix Industrial Park, Durban, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe Country Club Estate
Mount Edgecombe
KwaZulu Natal
Auction Date:
23 February 2022 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: 23 February 2022 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
[email protected]


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