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R42,000,000

Monthly Rates
R76,412 Excl. VAT

Industrial land (Tenanted)

This level hardened land feeds from Inanda Road and the subject site is located at the end of a cul-de-sac. Easy access to the N2 is obtained by
Inanda Road on-ramp and the new N2/Umgeni Road interchange has relieved congestion at the intersection. A large labour pool exists in the neighboring middle to lower income residential nodes.

Springfield Park and neighboring Umgeni Business Park have experienced high demand from end users in recent years due to its close proximity to the city, Durban port and ease of access to the N2/N3 freeways and North Coast Road industrial areas. Springfield Park forms part of the Durban Northern Corridor, which includes surrounding industrial nodes such as Riverhorse Valley, Springfield Business Park and Briardene. The surrounding area comprises predominantly large factories/warehouses and
industrial sectional title complexes. It is located approximately 10 Kilometers north of Durban's Central Business District.

The property is fully fenced with a 2.4 meter concrete
palisade fence and has 2 gates at the entrance. The
property has 3 Phase power and flood lights. There
are 4 separate water and electricity meters on site to
service each of the tenants. There are 2 ablutions built
on site. The ablution on the right has one toilet, one
shower and one hand basin as well as a guard hut. The
ablution on the right has 4 toilets, 2 showers and 3
hand basins. The property is level, hardened and all of
it can be fully utilised.

The zoning is General Industrial
which allows for a wide range of
uses and not as limiting as Light
Industrial zoning's. It has significant
advantages as there are no side or
rear space restrictions and allows
for unlimited Bulk to be built on
the site. The 25m height restriction
will allow for a multi-storey design
or for prospective purchasers
who have exorbitant height
requirements.

Leases currently run until mid 2020 at a net yield of 9.25% at the asking price.
This sale can be VAT zero rated.

Please contact me for further information.

Features

0
0
Title:
Freehold
Zoning:
Industrial
Interior
Power 3 Phase
Yes
Exterior
Security
No
Sizes
Floor Size
20,000m²
Land Size
20,000m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Campbell Property Group website is accurate and up to date, Campbell Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

560,863.81

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