Situated at 6 Schenk Road within the established North Industria node of Pinetown, this versatile industrial property presents an opportunity to acquire a partially tenanted asset offering a combination of mini-industrial accommodation, offices, yard space and on-site parking.
The property offers and extent of approximately 1,900 m² and is improved with a double-storey building measuring ± 1,100 m², together with a yard area. Its configuration provides for multiple tenants and a diversified income stream, while also offering potential for an owner-occupier to utilise portions of the property.
Locality
The property is situated within the established North Industria area of Pinetown, an accessible industrial and commercial node positioned in close proximity to the greater Pinetown CBD and surrounding industrial areas.
The location provides convenient access to the area's established road network, allowing for connectivity to surrounding industrial, commercial and business nodes. The property's position within an established industrial precinct makes it suitable for a variety of light industrial, warehousing, distribution and office-related uses.
Improvements
The property comprises a double-storey building with a total gross building area of approximately 1,100 m².
The lower ground floor is configured into five mini industrial units, each offering varying layouts and configurations to accommodate different operational requirements. The industrial component benefits from an approximate 5-metre internal height, providing useful accommodation for storage, light manufacturing, warehousing and related industrial activities. Currently, Units 1 and 2 operate as a combined unit as well as Units 4 and 5.
The configuration allows for flexibility in accommodating either multiple smaller tenants or larger occupiers requiring combined space
The upper level comprises a front reception area together with approximately 15 individual offices, which have been created using drywall partitioning. The office component is supported by ablution facilities and a kitchenette, providing a functional administrative environment that can accommodate multiple businesses or a larger single occupier.
The property further benefits from approximately 12 on-site parking bays and an approximate 450 m² yard area
Income Potential
The property is currently partially tenanted and generates a gross annual income of approximately R855,543.24.
The existing income stream provides a foundation for an investor, while the vacant or underutilised portions of the property may offer further opportunity to increase the property's overall income generation through additional letting.
The configuration of the lower-level mini-industrial units, together with the substantial office component, provides the potential for multiple income streams across a diversified tenant base. Alternatively, the property could appeal to an owner-occupier seeking to utilise a portion of the accommodation while retaining existing tenants to contribute towards operating costs or financing obligations.
Surrounding Environment
North Industria forms part of the broader Pinetown industrial landscape, characterised by a mixture of industrial, warehousing, manufacturing, commercial and service-related properties.
The surrounding environment supports a broad range of businesses and the property's combination of industrial units, office accommodation, parking and yard space positions it as a versatile asset capable of appealing to both investors and owner-occupiers.
With its multi-component layout, existing income generation and opportunity to further optimise occupation, this property represents an opportunity to acquire a flexible industrial investment within an established Pinetown industrial node.