DurbanInvestmentProperty FOR SALE: 165sqm x R 1,622,000
14/5/2016 – 110 views
Zoning: Industrial
Address: Crassula Road
Suburb: Cornubia
Area: North of Durban CBD
Ownership: Sectional Title
ERF No: -
Property Description: Exiting NEW Cornubia Industrial Park Sectional Title Investment Opportunity.
* The Micro Park development responds to the high demand for smaller sub 300m² industrial units.
* This unique opportunity offers investors and end users unrivaled returns and a unique opportunity to own highly sought after micro factory units which command high rentals.
* This will be the first industrial park offering smaller “micro” industrial units to be launched in Cornubia.
* Micro Park is strategically situated just 4 km’s from Umhlanga Ridge via the new bridge and interchange currently under construction.
* Micro Park is extremely well located and enjoys good access to the key points of trade in the greater Durban area.
* Development bond finance is available
* Occupation in April 2017.
These smaller units will present an extremely attractive offering to both end users who are looking for a lower gross investment as well as to investors who can command a higher gross rental per square metre on these small units.
There is little comparative product in the greater Durban area but in Ballito, micro parks have proliferated and command high rentals.
Current Configuration (Size [sqm]:
Phase 1 has 36 units ranging in size from 134m² to 296m². The average size of the units is 180m².
Reply to this advert to receive the full the schedule of available options
Parking Bays: As allocated per unit
Sales Price: R9 500 - R 10 100/sqm
Capital Investment:
20 - 30 % of the purchase price (Investec Bank will be providing development bond finance for this project and their deposit requirements will vary, depending on purchaser’s balance sheet strength)
Contact
Jacques Griessel
[m] + 270 - show phone - -912
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