Westmead complex has blue chip tenant and good redevelopment potential
Among the lots for In2Assets’ multi-property auction on February 7 at 11am at the Durban Country Club is 12600m² of industrial property with substantial potential for redevelopment.
Luke Hearn, who is handling the sale, says the property is well positioned at 52 Circuit Road in Westmead, the premier industrial hub of Pinetown, and tenanted by blue chip company Volvo. The main building is made up of a large workshop, administration block, spares sales section, spares warehouse, staff canteen and bathrooms. There is also a separate warehouse and truck washbay. The large workshop has 18 double-volume roller shutter doors on one side and 17 on the other for easy truck access.
“Westmead has five individual business parks – Maxmead, Alexander Park, Surprise Farm, Monte Carlo Industrial and Mahogany Ridge – and five entrances, all easily accessed from the N3 highway. The property is close to the N3’s Richmond Road off-ramp, which has been upgraded, making it easier for large trucks to enter and leave the area. This has tremendously boosted the area’s popularity as a key industrial area.”
Hearn says Westmead is home to a variety of large and small factories and warehouses, and offers attractive investment opportunities. Several well-established businesses were attracted to the area because of the freeway access, realistic rentals, reliable 3-phase electricity supply, and good security.
“There is a broad spectrum of industries based there including construction, engineering, courier services, vehicle repairs and spares, as well as printing and packaging. We are expecting strong demand for the property on offer.”
For more information, contact Hearn on email email@example.com or cell 0171 351 8138 or visit www.in2assets.com.