POA | investment property for sale in egerton

GLA: /- 100 000 sqm | Approximately 23 percent tenanted - Gross Annual Income: /- R 4.1 Million | Potential (fully tenanted): /- R20 Million | Various factories, warehouses, office blocks and stores | Super link access | Ample yard areas | 11 000 KVA Power supply Ladysmith has a significant industrial presence, particularly in sectors such as manufacturing, agriculture, and mining. This property (ex-Frame Textile Company) presents the market with a rare opportunity, over 17 Ha of industrial land, improved with industrial warehouses, factories, mini-factories, workshops, yard areas and offices to suite all types of businesses and organizations. With over 11 000 KVA of power supply, this industrial park caters for 24 hour storage, manufacturing, distribution and service related businesses within a secure enclosed environment. This park has been specifically designed to accommodate businesses involved in production and related activities. The park is equipped with the necessary infrastructure such as concreted roads, utilities (electricity, water, sewage, etc.), and communication networks to support the industrial operations. This specific industrial node of Ladysmith experiences no load-shedding. Improvements on Site The property is currently /- 23 percent occupied. The improvements on site consists of various warehouses and factories that are either single, double and triple volume internally. There are warehouses and factories that have heights up to /- 11 m allowing some of these facilities convenient for super link access. There are various warehouses and factories that link which enables them to be either partitioned or be open planned. Offices, ablution facilities, staff rooms and store rooms are positioned at the boundaries of majority of the warehouses and factories. The multi-level industrial buildings are occupied by service related tenants on the upper floors, a well maintained and modern GYM. At the south eastern corner of the property, there are various mini-factories and workshops that are attached, each with own access and each with own designated yard areas. The property also has approximately /- 10 000 sqm of flat vacant land on either side of the entrance of the park, with a tennis court and one of the improvements being used as an indoor cricket pitch. Furthermore, there are freestanding buildings that are used for retail, some which include a supermarket, bakery and restaurant. Transformer Room The property has 11 000 KVA power supply from the Municipality however as per the Seller the bulk supply to the property has been disconnected. There are 14 transformer rooms on site while the main transformer rooms comprises of huge switches applicable for each of the individual transformer rooms. Maintenance is done regularly. Pump Room The pump house situated within the property has been recently upgraded and the Sellers are currently busy with ASIB certification. There Municipal system on site connects to 19 valves on the property.