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23909M² Industrial Site with Buildings in East London
FOR SALE - OPEN TO OFFERS
Property Description:
The subject property is located between East London and King William’s Town in a small industrial node known as Fort Jackson/Potsdam. Fort Jackson/Potsdam borders onto Mdantsane which is one of South Africa’s largest townships. Fort Jackson/Potsdam is approximately 25kmfrom East London along the N2 towards King William’s Town.
The subject property surrounded by a balanced mixture of similar, smaller and larger Industrial Properties – the Zoning confirmed by the Town Planner is Indutrial Zone 1 for the entire Fort Jackson/Potsdam area.
The property is located in Eastern Cape region which is considered to be a low-income region. All municipal services are available.
The property has street boundaries on two sides and a railway reserve on the third. The fourth boundary is shared with an abutting industrial property. The property’s boundaries are enclosed with 2,5m fencing in fair condition. The topography of the site is uneven with terraced areas for the various structural improvements. An unused railway spur services to the site.
There are 4 buildings on the property:
1. Two-storey office block
2. Storage building
3. Large free-standing industrial building
4. Small security building at the entrance of the property
The industrial building was divided into two sections – one section improved to facilitate a meat processing plant fitted with ISO walls, epoxy floors, ISO Ceilings, Meat Traps, Processing Rooms & Cold Rooms and the other section was used as a furniture manufacturing facility.
The large double-storey office block is currently used to accommodate the on-site security company’s staff and requires a full revamp as window frames are rusted, floor coverings have been removed, aircons stripped and can be described as a “shell”. There is a paved driveway and ample parking bays available, which allows for easy access to the warehouse. The buildings are inn a average maintained condition and will require costly upgrade and on-going maintenance on a regular basis.
Contact us today for more information!
"Price is just an indication. 10% Deposit payable on offered amount. Information provided as received from Seller. Neither the Agent nor the Seller warrants or guarantees the correctness of any information provided whatsoever. T & C’s apply. Please send ID and proof of residence with offer."