BUSINESS RESCUE SALE MASSIVE INDUSTRIAL FACILITY , FERROBANK, WITBANK COMMERCIAL PROPERTY AUCTION IN FERROBANK, WITBANK, GAUTENG AUCTIONED BY WH AUCTIONEERS PROPERTIES

Business Rescue Sale Massive Industrial Facility , Ferrobank, Witbank

Closure Date: TBC
Time: TBC

Property Address: Corner Schonland Drive and Einstein Street, Ferrobank
Erf & Suburb & City: Erf 19 and 20 Ferrobank, Emalahleni
Deeds Office: 
Municipality: Emalahleni
Deed No.: T3964/2022
Size: ± 46 256m2 (combined erf sizes according to Lightstone)
Gross Built Area (GBA): ± 29 222m2 (Estimate building sizes according to ABSA)
Zoning: Industrial 2

Description
Business Rescue Sale | Massive Industrial Facility | Ferrobank, Witbank
Massive Industrial Facility - Ferrobank Bulk Fuel Storage, Warehousing & Yard GLA ± 29 222m² Very Large Power Supply – 2000 AMPS Fire Sprinkler System in Warehouses
Erf Size:46 256m²

LOCALITY
Ferrobank is an industrial area located in Emalahleni (Witbank), Mpumalanga, South Africa, known for its association with metal processing and related industries. It houses facilities like the Vanchem plant, a primary vanadium processing facility owned by Bushveld Minerals, which utilizes a salt-roast beneficiation process. Additionally, Ferrobank Industrial Park offers commercial space suitable for activities such as smelting, concentration, and crushing.

DESCRIPTION OF IMPROVEMENTS
The subject property consists of an enormous industrial compound. The site was previously Coca-Cola’s bottling plant. The current owners utilised the site as a fuel storage facility. The site has been improved by numerous large warehouses, workshops, offices and yard space. The property measures approximately 46 256m2 with approximately 29 222m2 of Gross Lettable Area (GLA) – according to the secured creditor. The property is:

Warehouses & Workshops

• The majority of the site has been improved with massive industrial warehousing all of which are similar in finishes. In summary the improvements consist of the following:
• Massive C-Grade warehousing
• Concrete flooring
• Corrugated steel walls and roofs
• Floor to ceiling height averages between 6m to 8m
• Roller shutter doors for access
• Ample space for large trucking access
• Numerous control rooms
• Ablutions & ablution blocks
• Kitchen facilities and canteens & cold stores
• Clinic

Access to the warehouses is gained via numerous roller shutter doors. There are loading bays. There is sufficient provision and space for trucks to access the warehouse.

The condition of the warehousing whilst aging is still in decent condition. There are areas of concern where vandalism has taken place. Much of the electrical wiring has been stripped. Of major concern is the main DB board for the property which has been completely vandalised and stripped. luckily the main substation for the site is still intact and working. The roof of one of the canteens has blown off. Many of the ablutions in the warehousing have been vandalised as well.

Offices
There is a large double storey office block as well as numerous office buildings and small site offices situated around the property.
Accommodation includes

• Reception areas
• Open plan office space
• Partitioned office space
• Boardrooms
• Storage rooms
• Server rooms
• Kitchens
• Strong rooms
• Ablution facilities

The condition of the offices whilst aging is still in decent condition. There are areas of concern where vandalism has taken place and electrical wiring has been stripped

FUEL STORAGE
There are numerous fuel storage tanks and some pumps located on site. Below is a summary of tanks on site as received from the creditors. Note the whilst a number of the tanks are still in place together with the associated piping, it appears that all of the electrical infrastructure and control panels have been removed and or vandalised

NOTE: Whilst the Site has an installed capacity of 1 500 000 litres, it is only authorised to hold approximately 500 000 litres per the below extract. Purchasers wanting to increase the sites allowable carrying capacity will be responsible for applying to the relevant department. See Extracts below.

Electricity & Water Services
Although water and electricity have been cut (combination of council and vandalism) Municipal services are available on site. There is clearly a very large power supply on site. The main DB shows power coming in at 2000AMPS however this may need to be verified. There is a 250KVA back up generator on site however of major concern is the main DB board, the property’s on-site sub station as well as the generator for the property have been completely vandalised and stripped.

Luckily the main substation for the site is still intact and working.

CONDITION AND GENERATORS AND ON SITE SUB-STATION

Yard & Parking
There is yard space and ample on-site parking with carports. There is ample space for truck access. The yard surface is concrete. The yard measures approximately 17000m2 .

Site Access and Security Access is gained to the site via numerous main access gates. The property is secured by 24-hour on-site security.