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R46,000,000 | 8,410m² Warehouse For Sale in New Germany

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R46,000,000

None Schenk Park

Industrial park available for sale in New Germany, Pinetown

Fully tenanted industrial park in prime New Germany, just off Otto Volek Road. The park boasts reputable tenants like Manolis & Rentokil aswell as a few others including a car workshop. Rentokil take up 3000 sqm of total space within the park and have just extended their lease for another 3 years. All tenants have long-term leases and have been in place for several years, ensuring stability and consistent, increasing income. The industrial park comprises multiple large units spread across five buildings, with some units spanning multiple levels. With established, reliable tenants and a strategic location, this industrial park presents a compelling investment opportunity.

Current ROI at R46 million sale is 10.69% with a total net annual income of R4,916,184. The price is not negotiable as the park has been valued at R50 million.

Located approximately 20 km inland from Durban, Pinetown, which initially began as a small town center, has evolved into a thriving industrial hub situated between Westville and Hillcrest in the western region of the eThekwini district. Spanning an area of 86.15 km2, Pinetown extends from the industrial suburb of Westmead in the west, along Josiah Gumede Road (Old Main Road) to Cowies Hill in the east. Renowned industrial suburbs like Westmead, Marianhill, and New Germany are integral parts of Pinetown, boasting world-class developments, warehouses, office spaces, and manufacturing facilities, attracting leading companies including automotive brands along the Old Main Road. Pinetown offers industrial tenants convenient access to major arterial routes such as the King Cetshwayo Highway, N2, N3, M7, and the M13, facilitating easy transportation via several major taxi routes within the area, thereby enhancing public transport opportunities.

Features

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Zoning
Industrial
Interior
Power (3 Phase)
Yes
Exterior
Security
Yes
Sizes
Floor Size
8,410m²
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-29.8189143, 30.8810519
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