OPENING BID: R3.5 Million- Warehouse in Braelyn Industrial. 6 Magnolia Street, Braelynn Industrial, East London
The auction will be livestreamed from the venue. Digital bidding will be facilitated via the In2assets App https://auctions.in2assets.co.za | Extent: ± 1 721 m² | GLA: ± 2 200 m² | Gross Annual Income: ± R 377K | Fully tenanted | Zoning: Industrial Zone 1
Braelyn, Eastern Cape
This property is centrally located just seconds from the North West Expressway, close to the CBD in the Braelyn Industrial area, which is the industrial hub for trade-type businesses and small to medium manufacturers.
The property enjoys easy access to transport networks. The location is considered central to the province, and East London has its own harbour which is well-used for imports and exports.
This property is a great end-user or investment opportunity. This double storey industrial property consists of 2 warehouses of ±1000 m² each and each with additional mezzanine levels of ±200 m². Within each of the warehouses there is an office / admin section.
Currently the upper floor is used as a factory and the lower level for warehousing / storage. The property has 3 phase power available, and offers secure parking, and is fully fenced and gated.
