Warehouse Space Terra Nera Industrial Park, Cornubia

Investment Opportunity - Tenanted Mini Industrial Park with Development Potential For Sale

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The property is located on Jabu Ngcobo Drive (M27 Main Road/Umdloti Link Road), overlooking the Cornubia and Southridge industrial areas. Along Jabu Ngcobo Drive are smaller light industrial properties. The area forms an integral part of the expanding northern corridor. Relatively new developments with national and international blue-chip companies such as BP, Sasol, and SPAR are positioned on the M27 within a 1.50km radius from the property.

The property is well-appointed concerning the location and is close to Southridge Industrial Area (1.25km), R102 Regional Route (1.87km), Waterloo (2.03km), N2 National Route (6.10km), Cornubia Industrial Area (6.47km), Umdloti (8.4km), King Shaka International Airport (12km)

Gross income; R190 000, Expenses of R33 000

Building Description

A C-grade multi-tenanted mixed-use mini-industrial park for sale comprising 33 mini-workshops, a retail centre, a warehouse, and offices. Alternative uses have been permitted, and with a total extent of 26 929m2 and 80% coverage (21 543m2 of developable land), this property has redevelopment potential into a strip mall, retail centre, or fuel station. The property comprises a double-story retail building, a double-story office building with an adjoining warehouse, two separate buildings with approximately 33 mini-workshops/garages, each with its own power supply and various tenanted industrial yard areas. The property has 800 AMPS power supply and an electric substation on site.