AUCT-002104 | On Auction

Industrial Redevelopment Property in Clairwood

52 Teakwood Road, Jacobs, eThekwini Metropolitan Municipality, KwaZulu-Natal

DECEASED ESTATE: Industrial Redevelopment Property. 52 Teakwood Road, Jacobs

Estate Late Nashika Maharaj | Master's Reference No. 006894/2022 | Extent: ± 1 051 m² | Previous GBA: ± 960 m² | Vacant Occupation


The property is located within the greater South Basin Industrial region and more specifically in an area known as Jacobs. Jacobs forms part of the township of Wentworth. The Jacobs Industrial node is bisected by the Inkosi Albert Luthuli Freeway (M4) and is in an area south of the Harbour. This area has experienced increased demand and with the recent completion of the upgrading of the Quality Street intersection with the M4, this trend should remain.

This industrial property was previously occupied by a highly successful panel beating business. The property is within easy reach and has clear visibility to a high concentration of vehicles. At the front of the property there is parking for 3 motor vehicles.

The property was extensively damaged during the floods in April 2022 and has not been renovated since. The property is currently in a state of disrepair and would require repairs and renovations to restore the property.

Internally the property previously comprised of a large warehouse which linked to an administrative section which also had its own pedestrian access from the driveway. The administrative section was made up of the reception area, guest ablution, open plan office area and an office. The upper level previously consisted of a mezzanine storage area.

The workshop was accessed via a roller shutter door of approximately 7m high.

This well positioned property presents an ideal redevelopment opportunity and will be well suited for a variety of operations.

Developments found here are typically of an industrial and a manufacturing nature. This node is characterised by established and emerging tenants and/or owner-occupiers. Surrounding residential areas include Wentworth, Merewent, Montclair and the Bluff to the north. It enjoys fairly good access as well as being in close proximity to the Harbour.

The subject property has street frontage onto Teakwood Road. Teakwood Road links to Quality Street via Balfour Road. Quality Street is the main arterial road into Wentworth and provides direct access to the Inkosi Albert Luthuli Southern Freeway (M4). The local vicinity offers most amenities and public facilities with Quality Street providing access to any amenities that may not be in the immediate location.

Commercial Type:
Industrial Property
Web Reference:
AUCT-002104
List price:
POA
Address:
52 Teakwood Road, Jacobs, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
16 November 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

Bidding opens in


Auction Date: 16 November 2023 11:00:00am


Muhammad Ali
                                                         In2assets Representative

Property Agent


Muhammad Ali
Show number
alim@in2assets.com


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