3891 m² Commercial space in Asherville

On Auction

Luke Hearn

In2Assets Properties

3891 m² Commercial space in Asherville

On Auction

Address: 17 kosi place
Floor Area 3891 m²

DEFAULT SALE - Large Commercial Investment Building. 17 Kosi Place, Umgeni Business Park

Extent: 3 891 m| GLA: 3 710 m| Ample parking bays | Multiple tenants with two current vacancies | Current Gross Annual Income: R 5.7 Million | Leasehold property with 28 years remaining

LOCALITY

The property is situated within the Umgeni Business Park, a well-developed and popular industrial node just off Umgeni Road. It fronts onto Kosi Place, south of the Umgeni River. Kosi Place is one road north and parallel to Umgeni Road, which provides direct access to the N2 Freeway to the west and to the Durban CBD to the east. This node is known as the Blue Chip business hub.

Developments found here are typically of a service retail and industrial nature but also include high grade offices. The node is mainly characterised by established tenants and/or owner occupiers as well as being in close proximity to the popular Springfield Value Centre and Makro Shopping Centre. Kosi Place links to Umgeni Road via Intersite Avenue, which is the main road that dissects Umgeni Business Park. The local vicinity offers modern day amenities and public facilities with Umgeni Road providing access to any amenities that may not be in the immediate location. The area is fully serviced.

PRIMARY USE

This triple storey building comprises a configuration of high end individual and open plan offices together with store rooms, server rooms, strong rooms, kitchenettes, male and female ablution facilities and paraplegic ablutions. The building further consists of a canteen and an entertainment area. Offices are either drywall partitioned or concrete wall, and numerous offices have floor to ceiling glass partitions. There are 2 wings to the building, with each wing having a flight of stairs to the upper floor and with one wing having a passenger lift.

Alternatively, there is two emergency flight of stairs as well. The property is accessed from Kosi Place via security and automated gates, however there is a second driveway from the end of Kosi Place to the rear of the property. The property is secured by palisade fencing with electric fence and concrete fencing. The building has ducted air-conditioning throughout. The second wing of the building (with the passenger lift) is occupied by a tenant. They occupy all of the ground floor except for two offices, a small section of the first floor and one open plan office on the second floor.

There are 57 shaded cloth parking bays and 34 open parking bays on the property, however there is additional parking opposite the property consisting of 45 shaded cloth parking bays and 20 open parking bays. A property of this magnitude can accommodate multinational and small to medium size business altogether.

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3891 m² Commercial space in Asherville

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