Site Area: ± 1 976 m² | Zoned: Limited Commercial | Corner Site with excellent exposure | Double volume warehouse/factory facility | 25 Onsite Parking bays | Frontline shops/offices plus further offices on first floor | ± 95% Tenanted | Gross Annual Income: ±R800K
This mixed-use commercial property is located in an area that is sought after, close to the port, close to townships that offer blue-collar employment opportunities and on the commuter route. This property was previously occupied by national banks and the current configuration can accommodate approximately ±8 tenants comfortably. The property has 300 AMPS power supply.
It is accessed via roller gates off Prospecton Road and Prospecton Place and is secured by steel palisade fencing running alongside all boundaries and 1 boundary with additional concrete palisade. There are approximately 22 parking bays throughout the property.
The property comprises of 3 retail shops/offices that front Prospecton Road (2 of which are double volume); a warehouse accessed off Prospecton Place and a configuration of open plan and individual offices on the first floor. The first shop/office is accessed via pedestrian doors from the car park and comprises of an open plan area with a mezzanine level. This mezzanine level consists of an ablution facility, kitchenette and an office. The second shop/office is also accessed directly from the car park and comprises of an open plan area on the ground floor with 4 drywall partitioned offices and a mezzanine level with drywall offices. The third largest shop/office was once occupied by a bank and comprises a large open plan area with male and female ablution facilities and a kitchen. Mezzanine levels are on the plans.
There are 4 offices and a showroom with high glass windows that are positioned on the first floor. The first floor obtains access from 2 stairways which a located on the ground floor on either side of the building. Majority of the offices are drywall partitioned. All of these showrooms/offices share the common ablution facilities located on the ground floor. It should be noted that all movable items and the cameras within the tenanted premises belong to the tenant and do not form part of the sale of the property. A double volume warehouse facility is positioned at the rear of the property. This warehouse (approximately 200 m²) is accessed from the driveway off Prospecton Place via a roller shutter door and from a pedestrian door and has an office on the upper floor and reception area with ablution facilities on the lower floor. The warehouse has hardened concrete floors, insulated ceilings and a height of ±7.9m to the apex and ±6m to the eaves.
The property is strategically situated in a traditional well-established industrial area that is monopolised by the Toyota Manufacturing Plant, located to the south of Durban, adjacent to the old Durban Airport site. The property is positioned approximately 150m away from the N2 Freeway and at the corner of Prospecton Road and Joyner Road. The Isipingo Home Affairs Department and the Prospecton Fire Department are positioned at the rear of the property and a convenient shopping centre with a KFC food outlet is positioned adjacent to the property. The property is also positioned across the Prospecton Standard Bank branch and close to the Prospecton TOTAL service station and as such, the property is exposed to high levels of passing trade and vehicular traffic.
The immediate node is home to Toyota, S A Breweries, Nampak, GUD, ARB Electrical, Robertson Spices, Unilever, Massmart, Beier, Momentum Logistics, Swan Plastics etc. Prospecton Industrial forms part of the Isipingo township and part of the Durban’s South Industrial Basin, therefore it is a significant part of the eThekwini Municipality. The Durban’s South Industrial Basin and the properties within the node have strategic value with continuous potential for industrial growth, thus contributing significantly to the national GDP. The nearest amenities and public facilities are in the neighbouring areas of Isipingo and Amanzimtoti. Situated within a 2km radius is the Kingsway Hospital and the The Galleria Mall, the Arbour Village which is a retail, office and light industrial park, as well as the Southgate Industrial Park are positioned close by.
Virend Deonarain
Show number
vdeonarain@in2assets.com