11432 m² Commercial space in Hammarsdale

R 10 500 000

Themba Sotyato

Tyson Properties-Commercial

11432 m² Commercial space in Hammarsdale

R 10 500 000

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Floor Area 11432 m²
Rates R 5915

The property is set within the KwaZulu Natal town of Hammarsdale. The Hammarsdale township is characterised by industrial properties and surrounding small-scale farming. The property enjoys high exposure along the MR385 Main Road which is also known as Mthoko Mkhize Drive. This well-established industrial node is situated within the central business district of Hammarsdale. Hammarsdale is easily accessible from the N3 Freeway linking Durban and Pietermaritzburg and is presently marketed as a growth point between the two cities. The property is situated approximately 6 kilometres from the N3 Freeway, just south of the R103. Easy access to the N3 Freeway interchange is available.

The increased demand for industrial property within Pietermaritzburg and Durban has resulted in industrial type property interspersed among these outlying areas. The area has seen a fair level of demand and has experienced fair capital growth over the past few years.

The general neighbourhood comprises predominantly similar, medium to large, industrial warehousing for manufacturing type uses. Hammarsdale is well located adjacent to the blue collar formal and informal housing areas of Mpumalanga, Georgedale and Cliffdale.

Modern amenities are somewhat limited in the immediate area, although there is a brand new mall constructed approximately 1.5km west from the subject property. There is other small-scale retail businesses and a Post Office in the immediate vicinity.

The property consists of 2 warehouses subdivided into 9 units. The warehouses are approximately 2,000m which is on a surfaced 1.1428 hectare site. There is an opportunity to sectionalise the property and sell any excess space or to expand the business.

The automotive outlet occupies 5 of the 9 units / warehouses. The establishment has a successful and proven track record for the past 30 years. The business compromises of a motor spares outlet, an automotive cable repair and manufacture centre, a fully operational automotive engineering division, a highly reputable and recognised franchised diesel pump room & car service centre.

The premises and business lends itself to expansion allowing an investor to incorporate other complimentary automotive divisions. The area is currently expanding rapidly and is presently being populated by many major Groups. With the region has been earmarked as a light industrial hub the possibilities are endless.

(The Sale excludes stock at hand. The purchaser will agree to pay the Seller the cost of stock at hand, as agreed, on transfer or occupation)

Keystone Industrial node whose anchor tenant is the Mr Price Distribution centre is meant to be up and running by 2016, after which major influx can be expected into Hammarsdale.

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11432 m² Commercial space in Hammarsdale

R 10 500 000

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