AUCT-002403 | On Auction

Commercial And Industrial Investment Property in Vryheid

Until Our Next Auction

2024-12-05 11:00:00
Commercial And Industrial Investment Property in Vryheid

LIQUIDATION PORTFOLIO DISPOSAL: Commercial And Industrial Investment Property in Vryheid. 39 Stretch Crescent, Vryheid

Matter: Waseela Distributors CC (In Liquidation) | Master's Reference No.: N000348/2022 | Extent: ± 4 975 m² | Zoned Industrial | GBA: ± 3 520 m² | Potential investment opportunity | Zoned: Industrial 1

Vryheid, KwaZulu-Natal


In2assets presents an opportunity to acquire this commercial or industrial property in Vryheid

Location
This property is situated on Stretch Crescent near the Eastern Border of Vryheid in Northern KwaZulu-Natal. Stretch Crescent is a main arterial road that enjoys reasonably high volumes of vehicular traffic with similarly improved industrial properties on either side of it.

The property enjoys close proximity to local amenities, including schools, medical facilities and shopping centres

Access
The locality of the property enjoys easy access to the R69 and R34 Main Arterial Roads which provide access into and out of Vryheid

Improvements
The property is improved with 3 separate industrial/ commercial buildings.

Building 1 consists of a partial double-volume warehouse/workshop structure built with cinderblock walls and corrugated IBR sheeting, featuring concrete and tiled flooring. The layout includes a main retail warehouse, administrative offices, a canteen, ablution facilities.
Additionally, the building includes a mezzanine level of approximately 418 m², constructed with a steel framework and plyboard flooring.

Building 2 comprises a double-volume warehouse/workshop built with cinderblock walls and corrugated IBR sheeting. Internally, the building includes a warehouse/workshop space with concrete flooring and two roller shutter doors, an office area with a kitchen, bathroom, and storerooms

Building 3 is a single-story commercial building with aluminum and glass shop fronts, divided into two sections. One section is used as a funeral parlor with two offices, storerooms, a washroom, and ablution facilities. The other section operates as a takeaway which comprises a retail area, kitchen prep area and ablution facilities.
Commercial Type:
Commercial Building
Web Reference:
AUCT-002403
List price:
POA
Address:
39 Stretch Crescent, Vryheid, Zululand District Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
05 December 2024 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required

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Muhammad Ali
                                        In2assets Representative

Muhammad Ali

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alim@in2assets.com

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