AUCT-002265 | On Auction

Industrial Property in the Heart of Springfield

Until Our Next Auction

  • How we Work
    2024-07-23 11:00:00
    Industrial Property in the Heart of Springfield

    Warehouse in Umgeni Business Park. Section 2 & Y2 16 Peter Road, Springfield, Durban

    Section 2 Extent: ± 466 m² | Y2 Extent: ± 1 569 m² | EUA is mostly covered with IBR Sheets on Steel Purlins | Monthly Rental Income: ± R48K | Potential end-user opportunity

    Springfield, KwaZulu-Natal


    This sectional title industrial property situated in the heart of Umgeni Business Park presents a lucrative End User or investment opportunity within one of the most sought-after industrial hubs. Here are the key highlights and advantages of the property:

    Locality:
    This sectional title unit and exclusive use yard is located within the Scheme Known as SS 16 Peter Road. The scheme occupies a levelled site set at the corner of Rochdale Road and Peter Road, within the Springfield Park and Umgeni Business Park node. The surrounding area comprises predominantly large factories/warehouses, industrial land and industrial Sectional Title complexes. The property is located approximately ±10 kilometres north of Durban’s Central Business District. The area surrounding the property is one of high demand and has good occupancy levels. It forms part of the Durban Northern Corridor, which includes surrounding industrial nodes such as Riverhorse Valley, Springfield Business Park and Briardene. A large labour pool exists in the neighbouring middle to lower income residential nodes

    Improvements:
    This sectional title unit is made up of first floor office space which comprises of a front reception area, open plan office, ± 6 Individual offices, a filing room and ablution facilities. In addition, the unit also consists of various store rooms, mezzanine level and change rooms with ablution facilities for workshop staff.

    The exclusive use yard area Y2 is mostly covered with IBR sheeting on Steel beams and is currently being utilised as workshop / warehouse space.

    Access:
    The property is accessed directly of Rochdale Road which lies off Peter Road which is accessed from Inanda Road approximately 200 metres south of the property. This corridor is connected by the N2 Freeway stretching north from the Umgeni River, as well as by the newly extended Nandi Drive running from Briardene to Riverhorse Valley. The establishment of Riverhorse Valley (Durban’s flagship industrial node), the Nandi Drive as well as the Umgeni Business Park extension has been the primary catalytic development in creating the Northern Corridor. The nearby Umgeni interchange has been upgraded and Inanda Road currently being upgraded, which will improve access to the N2 Highway & Umgeni Road.
    Commercial Type:
    Industrial Property
    Web Reference:
    AUCT-002265
    List price:
    POA
    Address:
    Section 2 & Y2 16 Peter Road, Springfield, eThekwini Metropolitan Municipality, KwaZulu-Natal
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    23 July 2024 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

    Related Documents

    Loading related documents...

    Property Agent
    Muhammad Ali
                                        In2assets Representative

    Muhammad Ali

    Show number

    alim@in2assets.com

    Fill in the below enquiry form &
    We will get back to you shortly.
    WhatsApp