Site Extent: ± 11 950 m² | GBA: ± 4 292 m² | Triple Nett Lease in Place – Expires 31 May 2029 with two 5-year options to renew | Gross Annual Rental: ± R4.77 Million (excluding recoveries) | Latest dealership building specifications | Dealership comprises: New and used car sales, parts store, motor workshop, truck workshop, wash bays and ample parking
Prime Automotive Investment Opportunity in Empangeni
Secure your stake in this blue-chip Motor and Truck dealership, a landmark property with an active triple net lease.
Key Features:
Blue-Chip Tenant: Long standing tenant - Motor and Truck dealership with a secure triple net lease until May 2029, ensuring a steady income stream.
Generous Annual Rental: Gross Annual rental of R4 770 000.00 (excluding VAT and full recoveries), with an annual 6% escalation, boosting future returns.
Expansive Facility: ± 4,125 m² under roof on a vast 11,951 sqm of land, ideal for large-scale operations.
Extended Lease Options: Two 5-year renewal options, providing long-term security for investors.
Surrounding Area:
Located in the industrial hub of Kuleka, Empangeni, this property enjoys easy access to both the N2 highway and major commercial nodes in the region. The area is known for its industrial growth and proximity to Richards Bay, a key economic zone, adding further value to this strategic location.
Branding Opportunities:
With its high visibility and prime frontage, this dealership offers unparalleled branding potential. Positioned within a bustling industrial precinct, the property is perfectly suited for continued automotive use or alternative ventures that require prominent exposure.
Accessibility & Location:
Conveniently situated near major transport routes, the property provides seamless access for both light and heavy commercial vehicles as well as customers. It is located just minutes from the N2 highway, connecting to Richards Bay and Durban, making it an ideal location for logistics and trade.
Potential Uses:
While the property is perfectly tailored for its current automotive tenant, the general industrial zoning opens up opportunities for a variety of uses, including warehousing, distribution, manufacturing, or even multi-purpose commercial operations.
This opportunity represents a robust, income-generating asset with significant growth potential in one of KZN's key industrial nodes.
Virend Deonarain
Show number
vdeonarain@in2assets.com