Property features

R111 650 000

Property Details

For Sale: 41 Imvubu Park Place, Industrial Property in Riverhorse Valley, KZN Property Overview: Address: 41 Imvubu Park Place, Riverhorse Valley, KwaZulu-Natal Location: Conveniently located along the N2 freeway, approximately 12 km from Umhlanga and 15 km from Durban. This area was developed through a partnership between eThekwini Municipality and Tongaat Hulett, with infrastructure completed in 2008. Property Details: Combined GLA (Gross Leasable Area): 6,134 m² Property Type: Industrial Current Tenant: Discovery Central Services Occupancy Rate: 100% (as of January 2025) WALE (Weighted Average Lease Expiry): 2.8 years (as of January 2025) Lease Expiry Date: 31/09/2026 Weighted Average Escalation: 7.5% per annum Investment Highlights: Ideal Location: The Riverhorse Valley node is strategically positioned for warehousing and distribution operations, benefiting from proximity to major transport routes and the ports. Notable Nearby Businesses: The area is home to major corporations such as RTT, Massmart, Adcock Ingram, and DHL, which enhances the business environment. Modern Facilities: The property features a high-spec fit-out with world-class wellness and canteen facilities, making it an attractive workplace for employees. Flexibility for Conversion: The property offers potential for conversion to traditional warehousing use, thanks to good eave heights, sufficient yard space, and a significant power supply of 1250A. Additional Features: Fire Sprinklers: Yes Eave Heights: 10 meters Roller Doors: None On-Grade Doors: None Off-Grade Doors: None Superlink Reticulation: None This property presents a prime investment opportunity in the growing industrial sector of Riverhorse Valley, with a stable tenant and the potential for future growth and adaptability.