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![]() Protected: Metrofile – Steel Way Kuleka, KwaZulu Natal
LocationSummary
SituationThe subject property is positioned in the industrial enclave of Kuleka, a suburb nestled within Empangeni’s bustling landscape. This property enjoys a strategic location on the town’s southeastern fringes, just a short 2.5-kilometer drive west from the N2 freeway. This proximity to a major thoroughfare ensures excellent connectivity to regional and national transportation networks, facilitating efficient logistical operations and accessibility. The strategic positioning of Kuleka extends beyond local amenities, with the city of Richards Bay a mere 13 kilometers to the east. This proximity not only offers access to additional resources and services but also taps into the broader economic opportunities and infrastructural advantages of a neighboring urban center. Kuleka’s location represents a harmonious blend of industrial functionality and residential convenience, making it an attractive locale for businesses seeking seamless integration with transport networks and individuals desiring a well-connected and vibrant living environment. DescriptionThe subject property is a spacious warehouse building seamlessly integrated with adjoining office spaces. The main structure comprises functional and versatile warehouse accommodations complemented by well-appointed offices. Inside the attached offices, modern amenities and thoughtful layouts cater to administrative needs, fostering a conducive work environment. This integration of warehouse and office spaces promotes seamless workflow and operational synergy. Together, these features present an ideal setting for businesses seeking a consolidated and practical facility to support their operations effectively. The property boasts a robust fire protection system, where a dedicated fire sprinkler system is supplied with water from a pump housed within a sturdy brick-built structure Zoning and Title Deed InformationTitle Deed Number: T26501/2008 Legal Description: Erf 287 Kuleka, Registration Division GU, KwaZulu Natal Registered Owner: Record Storage & Management Natal (Pty) Ltd Local Authority: uMhlathuze Municipality Zoning: General Industrial 2 Primary Use: Warehouse FAR: 1.0 Coverage: 80% Height Restriction: Unrestricted Building Lines: 7.5m on street boundary Parking Requirements: 1 bay per 100m² of gross floor area Rentable Areas
TenancyThe subject property is being offered on the basis of a new, market-related, triple net, 10-year lease agreement, with Metrofile, the current owner, continuing as the tenant. Metrofile is a reputable business listed on the Johannesburg Stock Exchange, ensuring a dependable and steady rental income for the investor. The duration of the leaseback arrangement strengthens the investment thesis for the portfolio. The lease is set to commence on the date of transfer. This property is to be disposed as part of the portfolio. Property Expenses and Operating Costs
VATThe Seller has been registered for VAT (Value Added Tax) and therefore VAT is payable by the Purchaser. Sales ProcessThis property is being sold by way of a Private Tender process under a Sole Mandate with CBRE Excellerate. Interested parties will have access to the Property Brochure and NDA on registration on the CBRE-X online website. Should you wish to access the full Due Diligence information in the ClicktoPurchase (CTP) data room, we will require you to sign the Non-Disclosure Agreement (NDA), and provide information regarding the entity and individuals represented by that entity, that is expressing an interest in the property. This can be in the form of a link to your company website, your company profile or a brief resume for both the company and key individuals involved in the transaction. On successful review of your registration, you will be granted access to the CTP data room. Besides all DD documentation, you will also have access to the sale agreement. Should you wish to submit an offer on the property, you will be required to provide proof of funds or comfort from a financial institution that they would favourably consider an application from yourself for funding for the property in question. Interested parties are invited to submit their best unconditional offer as soon as possible. Only interested parties that have submitted an NDA and provided the aforementioned information, will be invited to view the property in the company of the Agent or a representative of the Seller. FICA and KYC verification will be required in order to register on (CTP). In the instance where a binding offer acceptable to the Seller is presented, the Seller reserves the right to accept any offer but undertakes to instruct the Agent to inform all interested parties (those that have signed a NDA and accessed the DD information via CTP) that there is an offer under consideration at least 5 business days after receipt of that offer. The agent will present all offers to the Sellers. All offers need to be open for acceptance for a minimum period of 15 business days from date of submission. The agent will communicate acceptance of their offer to the winning party and inform all other parties that have not been successful. Offers will be assessed on, amongst others, the following criteria: The price offered. Ability to perform and provision of comfort letter or proof of funds for the transaction in question. Conditionality of the offer and timeline to conclude the deal. DisclaimerCBRE Excellerate on its behalf and for the Owner of the Property, including the corporate structures holding the Property, whose agents they are, give notice that:
Contacts
See website for full details : https://www.cbre-x.online
DisclaimerLegal Information – Disclaimer South Africa: Whilst reasonable care is taken to ensure that the information contained on this website is accurate, The Company cannot guarantee its accuracy and we reserve the right to change the information on this website (including these terms and conditions) at any time without notice. Any person who accesses this website or relies on this website or on the information contained in this website does so at his or her own risk. Information, ideas and opinions expressed on this website should not be regarded as professional advice or the official opinion of the Company and you are encouraged to consult professional advice before taking any course of action related to information, ideas or opinions expressed on this website. The website and its content (including but not limited to pictures of properties, text, graphics, advertisements, files, links, financial calculators, general property information, or other items) are provided on an “as is” and “as available” basis, without any representations or warranties of any kind (express or implied). The Company disclaims all representations and warranties, including those regarding the condition, quality, performance, accuracy, suitability, fitness for purpose, completeness, or freedom from viruses or other harmful mechanisms of the website content. The Company makes no representation or warranty that the website content will be accurate, up to date, uninterrupted, or error-free. The Company cannot be held liable for any inaccurate information published on the website, except where such liability arises from gross negligence or wilful misconduct. Indemnity: You agree to indemnify the Company against any loss, claim, or damage which may be suffered by yourself or any third party arising in any way from your use of this website, website content, and/or any linked third-party website. Limitation of Liability: The Company shall not be liable for any direct, indirect, incidental, special, or consequential loss or damages arising from your use of, or reliance upon, the website or the website content; or your inability to use the website or the website content, and/or unlawful activity on the website and/or linked third-party websites. The Company is not liable for any loss or damage suffered by you or any third party arising in any way from your use of this website, website content, and/or any linked third-party website. You acknowledge that you are solely responsible for the use to which you put this website and all the results and information you obtain from it, and that all warranties, conditions, undertakings, representations, and terms, whether expressed or implied, statutory, or otherwise, are excluded by the Company to the fullest extent permitted by law. |
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