Commercial Property for sale in Congella, Durban, KwaZulu Natal, 1210 m²

Congella, Durban, KwaZulu Natal, KwaZulu Natal

Commercial Property

ZAR 38,500,000

• 10 bathrooms
• 1,210 sqm
• 4,047 m² plot

Description: A large industrial/warehouse complex on Sydney Road in Congella, Durban — split into 8 separate units, with retail frontage, roller shutter doors, offices, kitchenettes, bathrooms, and open parking. Zoned Heavy Industrial. Size : Roughly 6,565–6,743 m² of lettable space (the two sources differ slightly, likely depending on whether parking/yard areas are counted), plus about 1,300 m² of yard space. Price : Around R38.8m–R39m, excluding VAT — works out to about R5,755 per m². Tenanted : 7 or 8 units are occupied (87% occupied), by a solid mix of tenants — some big national names (BSA, MTN/IHS Towers, Connect Logistics) plus smaller long-term tenants, including one clothing manufacturer that's been there over 25 years. Income : Gross monthly rental: about R426k excl. VAT (~R5.1m/year) Municipal rates cost the landlord R77k/month Net income after costs: somewhere between R4.3m and R4.9m per year, depending on the source That gives a net yield of around 14% (fully tenanted) — a strong return for an industrial property Why it's attractive: Very close to Durban's harbour and Maydon Wharf (under 5km) Easy access to major roads (N2, N3, M4) Has its own big diesel g…