R 39 000 000 | warehouse property for sale in congella

Property Specifications: GLA: Approx. 6,565 m2 (including parking areas) Yard: Approx: 1300m2 Monthly Gross Rental (excl. VAT): R426,271 Monthly Gross Rental (incl. VAT): R490,211 Annual Rental Income (excl. VAT): R5,115,247 Municipal Rates (landlord cost): R67,384/month Net Operating Income (NOI): R4,306,639 p.a. Power Security: Large Volvo diesel generator supplying the full site during load shedding The tenant mix includes blue-chip national occupiers (BSA, MTN/IHS Towers, Connect Logistics) alongside long-standing and stable tenants. Capital Sherwood Clothing has occupied the property for over 25 years. Lease renewal discussions are already underway. Zoning: Heavy Industrial Location Highlights: Proximity to Durban Harbour: Less than 5 km from Durban’s bustling port, positioning your business at the heart of one of South Africa's busiest trade routes. Excellent Connectivity: Easy access to major highways such as the N3 and M4, ensuring smooth transportation to regional and national destinations. Vibrant Industrial Area: Surrounded by a thriving business community, creating a dynamic environment for business growth and collaboration. Contact: For more information or to arrange a viewing, please contact Loy de Jager at Upside Properties. Looking for Commercial Property in Congella or Surrounding Areas? If you're in the market for industrial or office space, Upside Properties can help you find your ideal premises. Should you have a property to sell or lease, our team can assist in finding the right buyers or tenants for your property. The property in question does have a damaged roof. The price is however adjusted to accomodate for the re-instatement.