Combined Extent: ± 2 554 m² | GLA: ± 3 776 m² | 6 Warehouse units | Roof parking for ± 17 vehicles | Partially tenanted | End-user opportunity | Gross Annual Income: ± R649 K
The property is situated in Buro Crescent in the suburb of Brickfield which forms part of the Watervalpark area. The property enjoys convenient access to the N3 Freeway via Brickfield Road (Felix Dlamini Road) and the M10 Jan Smuts Highway (Vusi Mzimela).
This well positioned industrial property is made up of 2 ervens with each erven consisting of a 3 storey building that offers a total of 6 warehouse units. Both the ground and first floor offer two warehouse areas. The ground floor enjoys vehicular access of the street while the first floor has vehicular access via a ramp. The second floor also offers 2 warehouse area’s which has vehicle access via a ramp and parking for ± 17 vehicles.
The property is presently partially tenanted and generates a gross annual income of ± R 649 048.80. The surrounding area is characterised by commercial and industrial buildings. Businesses in the area include SABS, Mall’s Tiles, Skyy Aviation Academy and Toyzone – Baby City Offices.
The property is in close proximity to the Brickfield Road / Overport commercial and retail hub which is always bustling and enjoys high volumes of vehicular and pedestrian traffic. There is easy access to the Musgrave Shopping Centre and surrounding schools, including Durban Girl’s College and Durban Boy’s High. St Augustine’s Hospital, Entabeni Hospital and Parklands Hospital including all necessary modern amenities such as banks, dentists, supermarkets, pharmacies, offices and restaurants which are located within a 5km radius of the property. The property is close to public transport routes. The Durban Central Business District is approximately 4km east of the property.
