Location:
This property is located along the N3 Highway in the vicinity of Marianhill Tall Plaza, Pinetown, Durban

Access:
Access to the property is either via Henry Penington Road (Richmond Road) towards Marianhill from the N3, or via Stockville Road with direct access from the N3 passing through Mahogany Ridge Industrial Park. The N2, N3, M7 interchanges are all within a radius of 10 KM.

PROPERTY INVESTMENT HIGHLIGHTS:

Property Extent:
The property exists of two Individual Erfen measuring ± 25 206 m² & ± 31 322 m². The Combined Extent is ± 56 529 m²

Current Improvements:
The property enjoys various improvements and structures with about ± 17 700 m² under roof.

Yard Areas:
There are yard areas and open space areas which are freestanding or allocated to a structure measuring approximately ± 57 500 m²

Lease Details:
There are multiple leases in place with local, national and international tenants. The monthly rental income is currently R 1 244 522,55 which equates to annual figure of R14 934 270,60

Opportunity:
There are proposed plans in place to expand the business with further improvements of about ± 15 000 m²

Tender Terms:
Tender documents are available by contacting Rainer Stenzhorn on rstenzhorn@in2assets.com
Tender Closing Date: 25 July 2024 at 11h00

Tender submission:
Tenders to be delivered in a sealed envelope to Strauss Daly, 9th Floor Strauss Daly Building, 41 Richefond Circle, Ridgeside Office Park, Umhlanga