ON AUCTION - INDUSTRIAL WAREHOUSE & LARGE YARD JACOBS
03 DEC 2019 AT 11:00 CAT COMPLETED
The property is situated in the Jacobs industrial node. Jacobs is located within the greater South Basin Industrial region. This Industrial node is bisected by the Southern Freeway (M4) and is situated south of the Durban Harbour (the busiest Port in Africa) and north of the old Durban International Airport.
The corner property fronts onto both Paisley Road and Hutchinson Street, which bisect one another. Paisley Road enjoys easy access from Chamberlain Road & Bluff Road. Hutchinson is also directly linked to Bluff Road. The area has experienced increased demand due to the completion of the upgrading of the Quality Street intersection with the M4. The local vicinity offers most modern-day amenities and public facilities with Quality Street providing access to any amenities that may not be in the immediate location.
Developments found here are typically of an industrial and a manufacturing nature but also include some offices. This node is characterized by established and emerging tenants and/or owner-occupiers. Jacob’s industrial precinct is wedged between the residential areas of Wentworth and Merewent to the south, Montclair to the west and the Bluff to the east.
PRIMARY USE This versatile industrial property is roughly 6068m2 in extent and comprises a warehouse component of 3741.51m2 and large yard area of 2463.98m2. The property is accessed directly off Hutchinson Street via two large gates which lead to the large 2463m2 yard area which provides excellent super-link access and reticulation. The yard area includes ample parking and concreted loading.
The GLA of the property is ± 3 741 m² and includes two interleading warehouses. Warehouse 1 is approximately 1 440 m² with 10m – 12m height, the warehouse is accessed directly from the yard via a large roller shutter door or via the loading platform. The warehouse has a 5-ton gantry which is included in the sale. Warehouse 2 is approximately 1369m2 with 10m – 6m height, the warehouse is also accessed via the yard or loading platform which includes 4 dock levellers. The property has a large power supply with possible upside potential and boasts a full sprinkler system. Loading is also covered.
The property has a well sized office component of ± 402 m². The offices are fully carpeted and comprise ducted air-conditioning throughout. The offices can be reconfigured as the walls are drywalling. There is additional bulk on the site allowing expansion of the warehousing component.