120 m² Commercial space in Cornubia

R 1 656 000

Rishie Nunkoo

Prime Property-Umhlanga

120 m² Commercial space in Cornubia

R 1 656 000

Floor Area 120 m²

Foundry Park Phase 2 offers Investors and End-users the opportunity to own or lease premium industrial space in Cornubia with a multitude of sizing options tailored to suit specific needs ranging from 60 m2 up to 351 m2, starting from R 768,000 (Excl. VAT).

Whist Foundry Park responds to the demand for smaller micro industrial space it also delivers flexibility to combine units to suit larger space requirements.

Foundry Park's exterior has been designed using elements of exposed steel, concrete and facebrick to exude the old-world industrial charm in a contemporary architectural form. Purchasers are given the option of selecting internal upgrade packages to further custom their unit. The completion date for Phase 2, which construction has already commenced, is anticipated on 15 February 2019.

Foundry Park is located 4km from the new Cornubia Mall and Mt Edgecombe, with Gateway just 7 km's away. The new N2 interchange and Cornubia / Umhlanga link bridge, which has now been commissioned and opened to the public, have further enhance the location's connectively to main arterial routes and has been instrumental in increasing commercial activity at the new Cornubia Mall. Further, the new Makro mega store in Cornubia is now complete which is a further catalyst for development in the node.

Key selling attributes of this development:

- Innovative design & variety of size (new 60m2 to 80m2 units available)

- Experienced Development Team & delivery track record

- Upgrades & additional parking bays available

- Low price entry

- Great return on investment

- Developer funding fully secured by Investec Bank

The optional extra upgrades (for account of the Purchaser):

- HVAC, ducted and under ceiling

- Floor grinding and polishing

- Electrical fitting upgrade

- Automatic roller shutter door

- Conversion of the roller shutter to an aluminium shopfront

- Additional parking bays available at R50,000/bay plus VAT

- Feature facebrick wall to internal demising wall

- Burglar bars (transparent Perspex type)

- Stainless steel staircase

4. Financing options:

You can elect to opt for one of the following financing options permitted by Investec Bank who are providing the development bond finance which amounts are inclusive of VAT:

Standard Sale

Deposit 10% payable to our attorney's trust account on signature

Balance 90% secured by way of bond, guarantee or further deposits within 30 days of signature.

Instalment Sale

Deposit 10% payable to our attorney's trust account on signature

Further deposit of 10% within 30 days of signature

Balance is unsecured but we require a payment plan and proof of funds (ie copy of AFS's, management accounts of business, proof of funds or investment that will be used to pay the balance). The buyer needs to demonstrate how they will pay the balance and and commit to timelines such that unit is fully paid for 30 days prior to completion.

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120 m² Commercial space in Cornubia

R 1 656 000

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