6 134 m² Commercial space in Riverhorse Valley

For Sale: 41 Imvubu Park Place, Industrial Property in Riverhorse Valley, KZN

Property Overview:

Address: 41 Imvubu Park Place, Riverhorse Valley, KwaZulu-Natal

Location: Conveniently located along the N2 freeway, approximately 12 km from Umhlanga and 15 km from Durban. This area was developed through a partnership between eThekwini Municipality and Tongaat Hulett, with infrastructure completed in 2008.

Property Details:

Combined GLA (Gross Leasable Area): 6,134 m2

Property Type: Industrial

Current Tenant: Discovery Central Services

Occupancy Rate: 100% (as of January 2025)

WALE (Weighted Average Lease Expiry): 2.8 years (as of January 2025)

Lease Expiry Date: 31/09/2026

Weighted Average Escalation: 7.5% per annum

Investment Highlights:

Ideal Location: The Riverhorse Valley node is strategically positioned for warehousing and distribution operations, benefiting from proximity to major transport routes and the ports.

Notable Nearby Businesses: The area is home to major corporations such as RTT, Massmart, Adcock Ingram, and DHL, which enhances the business environment.

Modern Facilities: The property features a high-spec fit-out with world-class wellness and canteen facilities, making it an attractive workplace for employees.

Flexibility for Conversion: The property offers potential for conversion to traditional warehousing use, thanks to good eave heights, sufficient yard space, and a significant power supply of 1250A.

Additional Features:

Fire Sprinklers: Yes

Eave Heights: 10 meters

Roller Doors: None

On-Grade Doors: None

Off-Grade Doors: None

Superlink Reticulation: None

This property presents a prime investment opportunity in the growing industrial sector of Riverhorse Valley, with a stable tenant and the potential for future growth and adaptability.