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Summary
- One of ten properties as part of the Metrofile Portfolio Disposal
- Minimised concentration risk due to disposal across South Africa
- This property included an A-grade warehouses and offices in the heart of Kuleka, KwaZulu Natal with a GLA of ± 1,822m²
- Superior tenant covenant
- Industrial strong class asset
- Best in-class industrial asset
Location
Situation
The 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.
Description
The 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
