AUCT-001790 | On Auction

Multi-unit Industrial & Retail Park in Richards Bay

3 Brass Link, Richards Bay, King Cetshwayo District Municipality, KwaZulu-Natal

PORTFOLIO DISPOSAL: Multi-unit Industrial & Retail Park. 3 Brass Link, Richards Bay

Extent:± 8 175 m² | GBA:± 2 450 m² | Currently fully tenanted | Gross Annual Income R2 Million | Multiple units | Additional bulk available | Fantastic Visibility | Well located


The subject property enjoys a fantastic location within Richards Bay. The property is multi let and enjoys huge demand. The property offers additional bulk and a good rental of R2 172 000.00 per annum. The property currently services a light industrial and retail market. There are numerous parking bays and the property is accessed easily. Each unit has a retail front and a roller door accessed via the rear of each unit. The property is currently not sectionalised which keeps the overheads low and offers an opportunity to sectionalise and sell of the individual units.

Commercial Type:
Mixed use Commercial
Web Reference:
AUCT-001790
List price:
POA
Address:
3 Brass Link, Richards Bay, King Cetshwayo District Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club
Durban
KwaZulu Natal
Auction Date:
17 November 2022 11:00 am



Auctioneer:
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 17 November 2022 11:00:00am


Luke Hearn
                                                         In2assets Representative

Property Agent


Luke Hearn
Show number
lukeh@in2assets.com


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