Kingsburgh commercial-industrial park plots next to R11.5 bn DASP up for grabs...: for sale


Kingsburgh commercial-industrial park plots next to R11.5 bn DASP up for grabs...

KIngsburgh, Kwa-Zulu Natal, South Africa

NEGOTIABLE
POR

Agent: Cliff Jacobs - Managing Principal Estate Agent
Agent Cellphone: 0844131071
Agent Office Number: 0617166951
Agent Email Address: cliff@exquisitehotelconsultants.co.za
Type: Other Commercial Property
Bedrooms: 0
Bathrooms: 0
Parking: 0
Yield: Not Disclosed


Kingsburgh Commercial - Industrial Park

Development – Key features:

  • Development type: New development comprising nine vacant commercial-industrial plots in excellent high growth location. (Four plots are sold; two under offer – three remaining available).
  • Services: Plots are sold as fully serviced – roads, security, mains water, electrical, sewer, stormwater and telecoms infrastructure.
  • Location: Erf 962 Kingsburgh - 30° 5'35.88"S 30°50'37.86"E.
  • Total Development Size: 70,000 m².
  • Total Net Platform Size: +- 42,600 m².
  • Bulk Factor: 1.5 (based on total land area).
  • Coverage on plots: – 56%.
  • Zoning: Commercial-Industrial Park.
  • Power availability: 7000 Kv for total site.
  • Ownership: Private Company East Rand Junction (Pty) Limited.
  • Sale: Sectional title units.
  • Plots sizes: +- 3085 m² to +- 6700 m².

The Kingsburgh Commercial-Industrial Park is at the hub of an area which is set to experience phenomenal growth over the next five years. Buyers or tenants will be well placed to capitalise on this planned R11 Billion expansion program. The sites are platformed and construction on plots can commence January 2018, subject to planning approval. The area has very strong rental demand for light industrial and commercial properties with very limited supply. It is at the gateway to the south coastal regions and the inland areas along the R603.

Pricing: Plots are being offered at a price of R 1650/m² fully serviced site.

Local Authority Approvals: All relevant development approvals have been obtained. Planning submissions are required for individual sections. The Developer will assist buyers with planning submissions.

Developer Overview:

Administrative Information:

  • Business Trading Name: East Rand Junction (Pty) Limited.
  • Business Sector Classification: Property Development.
  • Legal Entity Name: East Rand Junction (Pty) Limited.
  • Legal Entity Registration Number: 1995/010161/07.
  • Legal Entity Physical Address: c/o Brown & Associates (Pty) Limited - Unit 186, Block F, Millennium Business Park, Edison Way, Century City, Western Cape.
  • Legal Entity Postal Address: 7 Ibis Lane, Amanzimtoti, 4126
  • Business Telephone Number: +27 21 555 4009 / +27 82 4457448 / +27 83 528 0281.
  • Business Fax Number: +27 866 145066.
  • Contact Person: Terry Brown/Len Brown.
  • Contact Person Mobile Number: +27 (0) 824457448 or 0835280281.
  • Contact Person Email Address: terry@brown-adr.co.za.

Development Layout:

Area of Site Sections:

  • Section 1: 6 830 m².
  • Section 2: 4 934 m².
  • Section 3: 4 831 m².
  • Section 4: 3 360 m².
  • Section 5: 4 038 m².
  • Section 6: 4 024 m².
  • Section 7: 3 654 m²
  • Section 8: 4 835 m².
  • Section 9: 5 879 m².

Internal roads: 5 755 m².

Total Plot Size Excluding Roads: 42,385 m.

Development Status:

Five of nine sections have been sold, and two sections are currently under offer. A full professional team has been appointed to design and oversee the installation of the services. These include:

Principal Agent & Architect – Archicon Architects.

Electrical Design and supervision – BFBA Electrical Engineers Durban.

Mains Electrical Design Status – complete.

Main Application is finalised, in process by EThekwini Electricity.

Civil works design and supervision – Escongweni BPH Engineers.

Civil works Design Status – 100 % Complete.

A well-established specialist contractor, Brent Civils, has been contracted for the civil infrastructure works Phase II. Works have commenced in August 2018.

The completion date for the full services installations are programmed as 30th April 2019. The current status of the services installation is as follows:

  • All internal roads and walkways. – 55% Complete
  • Perimeter fencing and security. – 40% Complete.
  • Main entrance and access control. – 75% Complete.
  • Storm water control installations. – 85% Complete
  • Main water supply. – 70% Complete.
  • Mains Electrical supply. – 10% Complete.
  • Mains sewer installations. – 75% Complete.
  • Internal Street lighting & security. – 35% Complete
  • R 3.5 million of additional site improvements works are currently ongoing by specialist sub-contractors installing retaining structures.

Current Status of Sales:

  • Section 1: Status: Unsold.
  • Section 2: Status: Sold – Avcres Transport.
  • Section 3: Status: Unsold.
  • Section 4: Status: Sold Lotus Harware.
  • Section 5: Status: Sold. Purchaser: Jay Brown Engineering.
  • Design Status: Design Ongoing.
  • Section 6: Status: Sold. Purchaser: Natpro Spices.
  • Design Status: Design Complete.
  • Section 7: Status: Sold. Purchaser: Natpro Spices.
  • Design Status: Design Complete.
  • Section 8: Status: Under Offer for Micro Park Development.
  • Section 9: Status: Under Offer for Micro Park Development.

Development Location:

The Kingsburgh Commercial-Industrial Park is located at Erf 962 Kingsburgh. The site is situated in an ideal location less than a kilometre from the Kingsburgh interchange on the N2 freeway. This allows ready access to the site from the N2, making it well located to provide services to areas both to the North and South, as well as inland locations along the R603 arterial route. The site is located adjacent to extensive residential zones and will be central to the planned R11 Billion Dube Trade Port Auto Suppliers Park development; driven by the national government and local auto manufacturers. The Illovo area has been designated a key development area by local, provincial and national government. The area is of noted importance in the provincial government’s plans to adhere to the National Development Plan 2030 and the Department of Trade and Industries’ Automotive Production and Development Programme (APDP).

Kingsburgh Commercial-Industrial Park – Local Population Figures:

A key characteristic of the site is that it directly borders the 1000 ha site procured by the Dube Trade Port for the development of the Illovo Auto Supply Park (ASP) project. This project is a strategic economic priority for both national and provincial government. Dube Trade Port closed tenders for the professional services for the new industrial township establishment in September 2017, a milestone marking the commencement of the Auto Suppliers Park project.

The developers are in regular contact with Dube Tarde Port to assess the progress of the ASP development. Currently the three-year process to obtain environmental clearance has been concluded and the initial enabling works are being programmed to commence Q3 2019.

EThekwini’s quest to become an ‘automotive hub’ is fast becoming a reality, with commencement of work on the massive R11.5 billion Durban Automotive Supplier Park (DASP) in Ilovo. The Illovo area has been designated a key development location by local, provincial and national government and is a strategic economic priority. 

Seeff Amanzimtoti has been awarded the mandate by local land owner and property developer Len Brown to market and sell over R50 million worth of plots in the 42 000 m2 Kingsburgh Commercial-Industrial Park for commercial development. The Kingsburgh site is privately owned by Brown, who is developing several sites in the lower Ilovo region. It is strategically situated right next to the first phase of the DASP.

Says Gavin Parkins of Seeff Amanzimtoti’s commercial/industrial division:: “Kingsburgh Commercial-Industrial Park comprises nine vacant commercial-industrial plots in this excellent high-growth location. Four plots have already been sold and two are under offer, so just three are still available. The plots are sold as fully serviced, with roads, security, mains water, electrical, sewer, stormwater and telecoms infrastructure. The plots range in size from 3085 m² to around 6700 m², and are priced at R1650/m² fully serviced.

“Kingsburgh Commercial-Industrial Park is at the hub of an area which is set to experience phenomenal growth over the next 5 years. Buyers or tenants will be well placed to capitalise on this planned R11.5 bn expansion programme. The sites are platformed and construction can commence in January 2019, subject to planning approval. The area also has very strong rental demand for light industrial and commercial properties, with very limited supply. It is at the gateway to the south coastal regions and the inland areas along the R603.”

The DASP is the largest Government-driven project to be undertaken in the south of KwaZulu-Natal in the last decade, and Dube Tradeport reports that construction is set to begin in July 2019. One thousand hectares have been purchased by Dube Tradeport on the banks of the Illovo River, just 16 km from the Toyota car manufacturing plant in Prospecton, which it will primarily serve, and 22 km from Durban Harbour.

Initially more than 600 new homes are being constructed in the area, marking commencement of an extensive new residential development. Over the course of the next 5 years this multi-stage project will see almost 4000 new residential homes, 1 316 207 m2 of developable industrial land and 51 810 m2 of commercial developable land come onto the market.

Says Parkins: “All of this development will undoubtedly serve to escalate the adjacent property values as well as the demand for commercial/industrial properties.  We anticipate an exciting near future for the local property market that will entice commercial development and new homeowners to this new investment node.”

Adds Brown: “This is the most exciting news for the area in decades. We’ve had nothing like this before, and I believe it’s going to affect property prices in a very positive way.”





Contact agent
Key features

Kingsburgh Commercial - Industrial Park - Q1 2019

Only Two Vacant Sites Left. Don’t Delay - ENQUIRE TODAY!

Main Development – Key features:

  • Development type: New development comprising nine commercial - industrial sites spanning 42,600m² in an excellent, high growth location.
  • Services: Sites are sold as fully serviced – roads, security, mains, water, electrical, sewer, stormwater and telecoms infrastructure.
  • Service installations are approximately 78% completed.
  • Location: Erf 962 Kingsburgh - GPS 30° 5'35.88"S 30°50'37.86"E.
  • Total Development Size: 70,000 m².
  • Bulk Factor: 1.5 (based on total land area).
  • Coverage on plots: – 56%.
  • Zoning: Commercial-Industrial Park.
  • Power availability: 7000 Kv for total site.
  • Ownership: Private Company East Rand Junction (Pty) Limited.
  • Sale: Sectional title units.
  • Sites Remaining for Sale: Site 1 - 6 830,00 m² : Site 9 - 8 536,00 m².
  • 4 x Factories - available for lease/purchase on site 3. (see below).

The Kingsburgh Commercial-Industrial Park is at the hub of an area which is set to experience phenomenal growth over the next five years. Buyers or tenants will be well placed to capitalise on a planned R11 Billion local expansion program.

The sites are platformed and construction on plots can commence April 2019, subject to planning approval. The area has very strong rental demand for light industrial and commercial properties with very limited supply. It is at the gateway to the south coastal regions and the inland areas along the R603.

KCIP Development - Sales Status

Section, Area, Status, Purchaser:

  • Section 1: 6830 m²: UNSOLD: AVAILABLE.
  • Section 2: 4934 m²: SOLD: Avcres Transport.
  • Section 3: 4831 m²: SOLD: KCIP Development.
  • Section 4: 3360 m²: SOLD: Lotus Hardware.
  • Section 5: 4038 m²: SOLD: Natpro Spices.
  • Section 6: 4024 m²: SOLD: Natpro Spices.
  • Section 7: 3654 m²: SOLD: Natpro Spices.
  • Section 8: 4835 m²: SOLD: Jay-Brown Engineering.
  • Section 9: 8536 m²: UNSOLD: AVAILABLE.

KCIP Purchasers

  • Section 2 – Avcres is a well-established transport company that will be developing their central distribution centre of site 2 of KCIP.
  • Section 3 - Factory development – see below).
  • Section 4 – Lotus Hardware is a local bulk hardware supplier. They will be constructing a storage facility on site 4.
  • Sections 5, 6 & 7 – These 3 sites have been purchased by Natpro Species who will be developing an extensive, high specification packaging and distribution facility across the three sites.
  • Section 8 -Jay-Brown is a local, large scale steel fabrication firm currently
    located in Prospection. They will be relocating their operations to KCIP.

Land Sales - Pricing

Vacant sites are being offered at a price of R 1650/m² fully serviced site. The project is being developed and sold as a sectional title development which allows owners greater flexibility with regards to key issues such as the site coverage and estate management.

Local Authority Approvals

All relevant development approvals have been obtained. Planning submissions are required for individual sections. The Developer will assist buyers with planning submissions.

Developer Overview

Administrative Information:

  • Business Trading Name: East Rand Junction (Pty) Limited.
  • Business Sector Classification: Property Development.
  • Legal Entity Name: East Rand Junction (Pty) Limited.
  • Legal Entity Registration Number: 1995/010161/07.
  • Legal Entity Physical Address: c/o Brown & Associates (Pty) Limited - Unit 186, Block F, Millennium Business Park, Edison Way, Century City, Western Cape.
  • Legal Entity Postal Address: 7 Ibis Lane, Amanzimtoti, 4126.
  • Business Telephone Number: +27 21 555 4009 / +27 82 4457448 / +27 83 528 0281.
  • Business Fax Number: +27 866 145066.
  • Contact Person: Terry Brown/Len Brown.
  • Contact Person Mobile Number: +27 (0) 824457448 or 0835280281.
  • Contact Personal Email Address: terry@brown-adr.co.za.

Section 3 - Factory Units – Key features:

HIGH SPECIFICATION UNITS AVAILABLE NOW TO BUY OFF PLAN

  • Development type: New build factory/warehouse units in secure estate; constructed to the highest specifications with outstanding parking and access allowance. 
  • Unit sizes: 2 units x 672 m²; 1 unit x 630 m²; & 1 unit x 540 m². 
  • Services: Units are sold/leased fully serviced, with substantial 3-Phase electrical supply. 
  • Location: Erf 962 Kingsburgh - 30° 5'35.88"S 30°50'37.86"E.
  • Total Development Unit Size: 2,514 m².
  • Total Net Platform Area: 4,831m².
  • Bulk Factor: 1.5
  • Coverage on plots: – 56%.
  • Zoning: Commercial - Industrial Park.
  • Power availability: 7000 Kv for total site.
  • Ownership: Private Company East Rand Junction (Pty) Limited.
  • Sale/Lease: Sectional title units.
  • Available for occupation: 1st September 2019.
  • Sales/Leasing: Can be developed to tenant specifications if required.
  • Pricing: From R 8,750/m².

“Similar Units in Cornubia, Riverhorse, Maxmead, Glen Anil, Manors and Briardene, selling from R 12,000/m². KCIP offers excellent value for end-users or property investors; in a high growth area.”

KCIP - Development Status

Seven of nine sections have been sold. A full professional team has been appointed to design and oversee the installation of the services. These include:

  • Principal Agent & Architect – Archicon Architects.
  • Electrical Design and supervision – BFBA Electrical Engineers Durban. Mains Electrical Design Status – complete.
  • Main Application is finalised, in process by EThekwini Electricity.
  • Civil works design and supervision – Escongweni BPH Engineers. Civil works installations – 85% Complete.
  • A well-established specialist contractor, Brent Civils, has been contracted for the civil infrastructure works Phase II. Works have commenced 1st August 2018. The completion date for the full services installations are programmed as 30th April 2019. These include:
  1. All internal roads and walkways.
  2. Perimeter fencing and security.
  3. 3Main entrance and access control.
  4. Storm water control installations.
  5. Main water supply.
  6. Mains Electrical supply.
  7. Mains sewer installations.
  8. Internal Street lighting & security.
  9. R 3.5 million of additional site improvements works have been completed.

KCIP – Development Location

The Kingsburgh Commercial-Industrial Park is located at Erf 962 Kingsburgh. The site is situated in an ideal location less than a kilometre from the Kingsburgh interchange on the N2 freeway. This allows ready access to the site from the N2, making it well located to provide services to areas both to the North and South, as well as inland locations along the R603 arterial route.

The site is located adjacent to extensive residential zones and will be central to the planned R11 Billion Dube Trade Port Auto Suppliers Park development;
driven by the national government and local auto manufacturers. The Illovo area has been designated a key development area by local, provincial and national government. The area is of noted importance in the provincial government’s plans to adhere to the National Development Plan 2030 and the Department of Trade and Industries Automotive Production and Development Programme (APDP). A key characteristic of the site is that it directly borders the 1000 ha site procured by the Dube Trade Port for the development of the Illovo Auto Supply Park (ASP) project. This project is a strategic economic priority for both national and provincial government. Dube Trade Port closed tenders for the professional services for the new industrial township establishment in September 2017, a milestone marking the commencement of the Auto Suppliers Park project.

Local Market Vacant Land Values

MEAN MARKET VALUES (Serviced, Industrial, Stands, r/psqm, 2018 4th Q).

(1000sqm, 2000sqm, 5000sqm, 10000sqm, vacancy %).

  • Umbilo / Sydney Rd / Gale St: 1,550.00, 1,550.00 1,500.00, 1,400.00, 1,5.
  • Jacobs: 1,575.00, 1,575.00, 1.575,00, 1,575.00, 1.5.
  • Mobeni: 1,850.00, 1,850.00, 1,650.00, 1,650.00, 2,75.
  • Prospecton: 2,000.00, 2,000.00, 2,000.00, 1,833.00, 1.5. 
  • South Coast Rd: 1,650.00, 1,650.00, 1.500.00, 1,400.00, 2.
  • Edwin Swales Dr: 1,650.00, 1,650.00, 1,600.00, 1,550.00, 1.
  • South gate Ind Park: 1,850.00, 1,800.00, 1,850.00, 1 600,00, 0.
  • Regional Average: 1,703.57 1,689.29 1,667.86 1,572.57.

Adjacent Local Development:

  • The National LVSA Group has recently completed a mammoth warehouse and assembly facility directly adjacent to the KCIP security entrance. KCIP already has a shared security operation with LVSA and it is intended that this relationship continues. 
  • The Engen Service Station and the adjacent shopping centre have undergone multi-million rand upgrades in 2018.
  • Planning is underway to install traffic lights at the intersection of Uitsig Road and the R603. This upgrade is planned for 2019.

INVESTMENT OPPORTUNITY
KCIP First factory
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KCIP First factory 10 19

Cliff Jacobs

Managing Principal / CEO

Exquisite Hotel Consultants (Pty) Ltd

Mobile: +27 (0) 84 413 1071 / +27 (0) 61 716 6951
Landline: +27 (0) 21 554 0283
Emailcliff@exquisitehotelconsultants.com
Skype: cliff.jacobs

Terms and Conditions apply



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