In2assets will host a live studio online auction, on August 20 at 11am, to accept bids for a prime industrial cold storage facility on a site of about 6 420m² in the sought-after industrial node of Westmead in Pinetown.
Luke Hearn, who is handling the sale, says the building area, at 41 Goodwood Road, is roughly 2 270m² and comprises an office area of about 550m²; a main warehouse cold storage area of about 1 065m², with 180m² ambient staging and loading areas; a secondary warehouse of about 424m²; a plant room; an external rear office and a guard house.
“The property has been well-maintained with a new roof installed in August 2016 as well as significant upgrading to the refrigeration systems. There are dispatch and receiving areas, accessed via automatic roller doors that lead to the temperature-controlled loading areas.
“The refrigerated warehouse is made up of three main coldroom areas with a structure that allows a seamless flow between receiving, storing and dispatch.”
The secondary warehouse is also refrigerated and has a staff area and workshop. A yard of about 750m² is at the rear of the property with ample space for Interlink vehicles and large trucks. The facility has a strong power supply, with 800amps available.
The equipment included in the sale includes compressors, condensers, cooler pumps, blower coils and a generator. Hearn says location is an important investment factor: “The property is towards the western periphery of greater Westmead, one of the most soughtafter industrial locations in eThekwini, comparable to the highly popular industrial nodes in Durban’s northern corridor, such as Riverhorse Valley.
Westmead has mainly light and general industrial operations, warehousing and factory-type properties – generally owner-occupied – with large capital growth driven by strong demand and lack of industrial land. “Westmead is close to major arterial routes and has good exposure to the N3 freeway.
The property on offer is above street level on the southern side of Goodwood Road, approximately 900m from the busy intersection where Hillclimb, Goodwood and Trafford roads meet.
Trafford Road links to Richmond Road and the M1 to the N3 freeway and M13 metropolitan road. Richmond Road also provides direct access to Pinetown CBD.”
For more details and viewing arrangements, call Luke Hearn at 071 351 8138 or email [email protected]. To bid online, visit https://auctions.in2assets.co.za/ or download the In2assets App from the Google Play Store or App Store.