Web Ref No CL2610

Large Prime Warehouse in Riverhorse.

Combined site plan, ground floor plan, and first floor plan. Envision these footprints with the interiors gutted out. Demolition of internal walls has begun to create an open office area. This includes the removal of the internal robotic systems that were on the ground floor.

Summary of floor areas. The permitted bulk on this property is 21,048m², and currently, the building only consumes 5,255m² of bulk, implying that the building can be further extended by another 15,793m². Riverhorse Valley has a height restriction of 25 metres, and this building has only used 10 metres, implying that multiple floors can be added to the existing building.

Internal & external pictures - The building is equipped with hundreds of CCTV cameras, first-class air conditioning systems, two massive generators for standby power (2 x 700kVA each), an incoming municipal power supply of 1 MVA - 1520 Amps, sprinkler systems including water holding tanks, extremely high-end access security systems & secure perimeter walling 2.4m high and 96 parking bays.

We would consider an offer of R65 million excl. VAT which includes all equipment; however, this amount is negotiable. The robotic arms, money conveyors, camera equipment, specialist security equipment, server room equipment, 2x generators, multiple vaults, HVAC, desks & furniture are worth in the region of R20 million, and the land alone is worth R35 million. This implies that the building comes in at a heavily reduced price.

The internal layout can be adjusted to create open-plan areas if needs be. A warehouse area of approximately 3,000m² could materialize. Roof heights can be increased, but understandably, this is a costly exercise.

Riverhorse Valley is known as the centre of town, considering all the blue-chip courier companies that populate the precinct. Access to the N2 is less than 500m away from the property, and access to the P577 (alternative outer ring road) is less than 5km from the property. Access to the N3 towards Pietermaritzburg is a five to ten-minute drive. All verges in the entire Riverhorse Precinct are landscaped with manicured lawns & indigenous plants, thus giving the ethos of a clean Business Estate. Numerous taxi service operators are functional, together with a train station that serves for public transport. The complete Riverhorse Precinct is also under camera surveillance, which is managed by the Riverhorse Valley Business Estate Management Association. Riverhorse Valley Business Estate is known as the best Industrial Precinct in the country.

If you think this space will suit your business needs or you are seeking space in or around Riverhorse, make contact today.

*Disclaimer: Please note that the information and details of this listing are subject to change. Make sure you get in touch with the listing agent to confirm details.