AUCT-001902 | On Auction

Tenanted Mini Factories in Cornubia

Until Our Next Auction

2023-03-16 11:00:00
Tenanted Mini Factories in Cornubia

Tenanted Mini Factories in Cornubia. Section 21 (Door 28) & Section 70 (Door 30) Micro Park, 26 Crassula Road, Cornubia

Extent Section 21: ± 143 m² | Extent Section 70: ± 164 m² | 4 Exclusive use parking bays | 2 Exclusive use loading bays | Fully tenanted | Gross Annual Income: ± R407K

Ottawa South, KwaZulu-Natal


These High-End Mini Factory units are situated within the sectional title complex known as Micro Park. This park is located on Crassula Road within the Cornubia Industrial & Business Estate. The estate has been planned as an environmentally friendly and eco-sensitive light industrial development.

This industrial zone is situated in the north-west corner of Cornubia and east of Ottawa. It will be accessible from all major sub-regional and provincial roads, such as the N2, M41, and the R102. These existing main roads and the proposed P577 (linking areas in the north of Durban to Pinetown in the west), and BRT routes will make the area highly accessible to and from the King Shaka International Airport and the Dube Trade Port.

Both Sections comprise of an open warehouse area with screeded cement floors and steel perlons. A mezzanine level also forms part of the unit. This level can either be used for storage or offices. Ablutions are located at the rear of the section beneath the mezzanine level. Both units offer vehicular access via 1 roller shutter and also has access via a pedestrian door. Both units are presently tenanted and generates a gross annual income of ± R458 000.00

The yard area and parking’s in the complex are fully paved. The complex is well secured with 24-hour security.

Cornubia is located inland of Umhlanga and close to Mount Edgecombe, Phoenix, Ottawa and Waterloo. It will initially provide for a 50-hectare industrial and business estate, more than 1 million square metres of commercial floor area and some 24 000 mixed affordability homes, of which about 15 000 will provide for subsidised housing opportunities.
Commercial Type:
Mixed use Commercial
Web Reference:
AUCT-001902
List price:
POA
Address:
Section 21 (Door 28) & Section 70 (Door 30) Micro Park, 26 Crassula Road, Cornubia, Ottawa South, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
16 March 2023 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

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