Lot 6

3 878m² Industrial Park For Sale in North End, Gqeberha

22 Sidon Street, North End, Gqeberha ZA
SECURE MINI INDUSTRIAL COMPLEX WITH PRIME POSITION / VISIBILITY ON AUCTION IN NORTH END INDUSTRIAL PRECINT IN GQEBERHA.

This industrial park is located in North End just 6 km from the Gqeberha port.

Situated at 22 Sidon Street, the property has direct access and high visibility to the M4 Settlers Highway that runs parallel with the property, this also allows for easy access to the N2. The property also has easy access to the R75 and R102 via Algoa Street.

The property currently consists of 6 self-contained units with a common yard ranging in size from 280 m2 to 1 200 m2. The total GLA of the park is 3 878 m2. Property extent is 5 777 m2 and is zoned Industrial 2.

The current rates as at May 2022 equates to a monthly figure of R 19,669.12.

Currently the entire park is vacant except unit 5 which measures 280 m2. This unit has a lease in place until October 2026. There is however a redevelopment / cancellation clause in the lease should someone wish to occupy the entire building or redevelop the property.

The ideal purchaser for this property is an end user that could occupy the vacant 3 598 m2 and subsidize their bond payments with the income generated from existing lease of Unit 5.

Alternatively, the property is suited to an investor that would re-let the 5 vacant units or sectionalise and sell of the units individually.

The park has 2 access points providing drive through access for vehicles.

All the units have on-grade access to the factory floors with multiple access points to most units via roller shutter doors that have an approximate opening of 4 metres.

There are minimal internal columns in the unit’s providing flexibility for operations.

The average eaves height of the roof is 4.8 metres, providing good internal height for stacking and/or manufacturing.

The property has 3-phase power with availability of 250 Amps.

The translucent sheets also provide good natural light into the factory floor.

A summary of the Park's current configuration as below:

Unit 1 - 1281 m²
Unit 2 - 500 m²
Unit 3 - 530 m²
Unit 4 - 925 m²
Unit 5 - 280 m²
Unit 6 - 362 m²
Wednesday
July 13, 2022 4pm SAST
Online Auction
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Auction Agent

Ryan Swart
+27 67 263 1357