Entire Warehouse, 9 Schenk Road, Pinetown, New Germany, Durban - Warehouse Space For Sale in Pinetown North Industria
Listing Details
| Rate | R5197 / m² |
|---|---|
| Size | 8658 m² |
| Address | 9 Schenk Rd, Pinetown, New Germany |
| Area | Pinetown North Industria |
8,658m² multi-tenanted industrial complex with strong income and anchor tenants This substantial ±8,658m² industrial complex on Schenk Road, New Germany, presents one of the strongest income-producing opportunities currently available in Pinetown. Spanning multiple warehouse levels with truck-friendly access, large open floor plates, and robust concrete construction, the...
8,658m² multi-tenanted industrial complex with strong income and anchor tenants
This substantial ±8,658m² industrial complex on Schenk Road, New Germany, presents one of the strongest income-producing opportunities currently available in Pinetown. Spanning multiple warehouse levels with truck-friendly access, large open floor plates, and robust concrete construction, the property offers exceptional value for investors seeking scale, security, and long-term income.
The building is underpinned by a reliable tenant mix including Rentokil, Manoli’s Nuts, and Auto Impi as major occupiers, with a consistent history of demand for the remaining spaces. The structure accommodates warehousing, workshop, storage, and administrative components, making it highly versatile for light industrial users. Single-gate access, ramps, epoxy floors, and a practical internal layout make this an operationally efficient industrial block.
Building Summary
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Total GLA: ±8,658m²
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Levels: Multi-storey industrial (basement, mid-floor, top-floor)
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Anchor Tenants: Rentokil, Manoli’s Nuts, Auto Impi
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Zoning: Light Industrial
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Access: Single controlled point with ramp access
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Location: Schenk Road, New Germany (near M5, Otto Volek Road, N3/M19)
Floor Size Breakdown
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Rentokil: 2,933m²
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Manoli’s Nuts: 1,808m²
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Auto Impi: 1,890m²
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Other Tenants + Storerooms: ±2,027m²
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Total GLA: 8,658m²
Financial Overview (From Spreadsheet)
Gross Monthly Income
R801,231
Total Monthly Expenditure
R348,741
Net Monthly Income
R452,490
Net Annual Income
R5,429,885
Yield at Updated Asking Price (R45,000,000 ex VAT)
Net Yield = 12.07 percent
Calculation:
5,429,885 ÷ 45,000,000 = 12.066 percent
Meaning:
At R45 million, the property trades slightly above a 12 percent cap rate, making it a very strong cashflow investment with upside potential as rentals escalate and smaller units are optimised.
Key Features
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Strong tenant mix anchored by national and regional businesses
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Multiple levels with flexible warehouse configuration
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Offices, workshops, storage, and admin areas built in
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Roller shutter access and vehicle-friendly ramps
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Secure gated entry with robust perimeter protection
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Excellent proximity to M5, N3, Otto Volek Road
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Full occupancy certification in place
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High-demand industrial node with limited comparable stock
| Feature | Details |
|---|---|
| Security |
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| Wheelchair Friendly |
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| Standalone |
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| Natural Ventilation |
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| Roller Shutter Doors |
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| Truck Articulation |
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Building Description
This sizeable New Germany industrial block offers a rare combination of scale, functionality, and dependable rental income within one of Pinetown’s most established logistics zones. Schenk Road remains a key connector for industrial users operating between Pinetown, Westmead, and greater Durban, making large-format buildings in this position highly sought after. The property’s multi-storey layout caters to a wide mix of warehousing, distribution, and production users, supported by strong truck access and efficient internal circulation.
Long-standing tenants such as Rentokil, Manoli’s Nuts, and Auto Impi anchor the site, helping maintain consistent cashflow across the 8,658m² footprint. With current net income exceeding R5.4 million per year and operating costs well contained, the asset offers immediate yield and room for further growth through renewals and optimisation of under-rented sections. Buildings of this scale and flexibility seldom trade in New Germany, making this an excellent option for investors targeting secure industrial income with long-term upside in a proven, high-demand node.
