± 7 900 m² Industrial Property with National Tenant

AUCT-001657 | SOLD

± 7 900 m² Industrial Property with National Tenant

36 Progress Road, Nambiti Industrial, Ladysmith, KwaZulu Natal

± 7 900 m² Industrial Property with National Tenant. 36 Progress Road, Nambiti Industrial, Ladysmith

The auction will be livestreamed from the venue. Digital bidding will be facilitated via the In2assets App https://auctions.in2assets.co.za | Site Extent: ± 7 926 m² | Gross Lettable Area: ±1 710 m² | Gross Annual Income: ±R1.1 Million | National Tenant SA Post Office – Lease Expiry June 2026 | Ladysmith Post Office Hub – Ample yard area for easy truck manoeuvring | Fully fenced and secure


This industrial property is positioned within Nambithi Industrial, just outside the Ladysmith CBD. The Nambithi Industrial Park area is accessed from the first main intersection as one enters into Ladysmith. This park is home to Simba Ladysmith, Drakensberg Logistics, United National Breweries and various other logistics, industries, distributors and manufacturing companies.

The property comprises of a warehouse facility currently portioned into 3 divisions to cater for the SA Post Office Ladysmith Depot. This tenant has been occupying the premises for over 20 years. There are 7 roller shutter doors that service the warehouse which has height of approximately 6.1m to 7.9m. Ducted air-conditioning, fire safety equipment and rubber flooring are in place. Male and female ablutions and drywalling partitions to form offices support the warehouse.
The property further comprises of two separate blocks, one of which is staff changerooms, canteen and ablutions and the second an admin block with ample ablutions.

In addition, there is approximately 3400 m² of yard area for trucks and super-links drive around with approximately 1200 of staff parking. Additional yard areas surround the improvements on site. The current lease expires in June 2026. This property presents the perfect investment opportunity in an area that is rapidly growing.

Commercial Type:
Industrial Property
Web Reference:
AUCT-001657
Final price:
POA
Address:
36 Progress Road, Nambiti Industrial, Ladysmith, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe Country Club Estate
Mount Edgecombe
KwaZulu Natal
Auction Date:
19 May 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: 19 May 2022 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
[email protected]


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