Large industrial property in Mobeni with exceptionally diverse potential for developers and end-users will be auctioned by In2assets on May 14 at 11am.
The on site disposal of the property, currently under Business Rescue, will take place at 2096 South Coast Road and offers “a rare development opportunity”, says Luke Hearn, who is handling the auction.
He says the property of about 76650 m² (gross building area about 33542 m²) currently comprises top-quality improvements and large yard areas.
“Improvements include warehousing components, offices, ablutions, staff change rooms and canteens. “It has a strong power supply and multiple roller-shutter doors for access into the warehouses. The proximity to freeways, arterial routes and accessibility to the Port of Durban make this a rare development opportunity,” Hearn says.
Located opposite Umlazi Mega City Mall, the property is on the south-western boundary of the Mobeni West industrial node, and forms part of the greater South Basin Industrial Region “It fronts onto four busy roads: Mangosuthu Highway, Old South Coast Road, South Coast Road, and the R102, and can be directly accessed from Old South Coast Road via the old airport interchange.
This strategic position is a major positive factor.” Hearn says essential public facilities, amenities and public transport are located along South Coast Road and the surrounding areas comprise residential accommodation and “port-related” industrial properties.
The South Basin Industrial Region has been earmarked for redevelopment in the Thekwini Integrated Development Plan.
For more details and viewing arrangements after lockdown, call Hearn on 071 3518138, email lukeh@ in2assets.com or see www.in2assets. com.