AUCT-002039 | On Auction

± 2.8 Ha Industrial Property with Redevelopment Opportunity

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    2023-08-22 11:00:00
    ± 2.8 Ha Industrial Property with Redevelopment Opportunity

    ± 2.8 Ha Industrial Property with Redevelopment Opportunity. Erf 213 Kuleka (Known as Copper Drive), Empangeni

    Site Extent: ± 2, 8561 Ha | Re-Development Opportunity: ± 10 700 m² | Eskom Reserve Site: ± 17 800 m² | Sold 50% Tenanted: Gross Annual Income: ± R192 000 | Lease expiring April 2027 @ 7% annual escalation | Current GBA: ± 2 068 m² (2 x Warehouses, Offices and Staff Facilities)

    Kuleka, KwaZulu-Natal


    This industrial property is positioned on the outskirts of Kuleka, in an area where there are mixed use activities ranging from retail, manufacturing, warehousing, supply & distribution and even agricultural. The property of this magnitude being 2.8561 Hectares offers industrial/commercial uses and even agricultural uses due to approximately ± 60% of the site being encumbered by EPTL (Electrical Power Transmission Line) Servitudes. This ± 60% of the land will be ideal for not only agricultural purposes but could work for general storage of unwanted or recyclable goods.

    The remaining portion of the property which measures approximately ± 10 700 m² comprises of two warehouses facilities, each supported by staff facilities and yard areas.

    The first warehouse is accessed via 3 roller shutter doors and has a saw toothed roof. Height ranges from ± 4.9m to ± 7.1m. Attached and closer to the warehouse are staff facilities and ablution facilities, This warehouse links to the administration section which comprises of an open plan retail/office area, individual offices, kitchenette, ablutions and a strong room. The yard area at the front is ideal for staff parking.

    The site of the property slopes from the road towards the rear. At the lower level of the property there is a second warehouse facility that one side partly open. It has excellent height, approximately ± 5.5 m to the eaves and ± 7.9 m to the apex. This warehouse is further supported by staff facilities and ablution facilities as well as an administration section.

    This property presents the market with an opportunity to either re-develop on the site or to upgrade and refurbish the existing improvements.
    Commercial Type:
    Industrial Property
    Web Reference:
    AUCT-002039
    List price:
    POA
    Address:
    Erf 213 Kuleka (Known as Copper Drive), Kuleka, King Cetshwayo District Municipality, KwaZulu-Natal
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    22 August 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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