In2assets will be auctioning an industrial building in Mayville, Watervalpark, on March 23 at 11am at the Mount Edgecombe Country Club. 14 and 16 Buro Crescent are made up of 2 ervens with each erven consisting of a 3 storey building that offers a total 6 warehouse units with a combined GBA of ± 3 224 m²
The ground and first floor in both buildings offer open warehouse space with ablution facilities. The second floor makes up the roof level of the buildings and hosts a warehouse/workshop area on each building. The roof level offers a total of ± 17 parking bays. All levels of the buildings enjoy vehicular access via 2 ramps. Each floor can be accessed via a ramp from the side of 14 Buro Crescent and a ramp from the side of 16 Buro Crescent.
The property is presently partially tenanted and generates a gross annual income of ± R 649 048.80. This property has convenient access to the N3 via Brickfield Road (Felix Dlamini Road) and the M10. The surrounding area consists of mainly commercial and industrial properties. Businesses include SABS, Mall’s Tiles, Skyy Aviation Academy and Toyzone-Baby City. The property is close to the busy Brickfield Road/ Overport commercial and retail hub which enjoys high volumes of vehicular and pedestrian traffic. Musgrave Shopping Centre is nearby, as well as hospitals, dentists, schools, banks, supermarkets, pharmacies, restaurants public transport routes. Durban CBD is about 4km to the east.
Bids can be submitted remotely via the In2assets online bidding platform https://auctions.in2assets.co.za accessible from PC or by downloading the In2assets App from the Google Play Store or App Store. For more information, contact Muhammad Ali at 079 458 4256, 031 574 7600 or alim@in2assets.com.
