Westmead industrial area remains in demand

Pinetown, with its strategic location between Durban and Pietermaritzburg, and easy access to the N3 as well as other key routes to the north and south coasts of KwaZulu-Natal, has always been extremely popular as an industrial hub, says Nigel Atherstone, JHI Properties KwaZulu-Natal leasing and sales consultant.

General aerial view of Mahogany Ridge Industrial Park in Westmead, Pinetown.

“A prime hub within the Pinetown area is Mahogany Ridge Industrial Park, situated right in the heart of Westmead – an area which has experienced burgeoning growth over the years. From being an industrial part of Pinetown, Westmead has spread out in all directions and is bordered by the N3 freeway leading to Gauteng, the M13 towards Kloof and the M19 to the south coast,” says Atherstone.

“Some 20 years ago a large tract of land was purchased from the Mariannhill Monastery which has subsequently been developed into Mahogany Ridge Industrial Park, which borders the N3 and which is sometimes referred to as the ‘new’ Westmead. The strategic location of Westmead ensures its ongoing popularity as a key industrial node,” he says. “This is coupled with the fact that it offers realistic rentals and security,” he adds.

Atherstone recently concluded two sizeable leases for industrial space in Mahogany Ridge Industrial Park on behalf of a warehousing/storage operation and a distribution operation. The combined total value of the leases is R37 million.

The first lease is for some 4200 square metres of space comprising warehousing of approximately 3900sqm, offices of about 394 square metres and a yard of some 2000sqm. The warehousing includes two large roll-up doors with canopies leading to the hardened yard, allowing for receiving and despatch.

The other lease is for a distribution operation which has occupied 7400sqm of space which is close to their existing operation. Says Atherstone: “In addition to needing to be in close proximity to their existing premises, ease of access to freeways was also a major consideration. Their leased facility comprises approximately 6000sqm of warehousing, around 1400sqm of offices and a yard of approximately 5000sqm. The warehouse offers double volume stacking height while multiple loading docks and dock levellers were priorities for this tenant.”

He says a variety of different businesses, including a large component of distribution, manufacturing and logistics operations, are currently seeking industrial space in convenient, accessible locations. Occasionally this includes overseas companies.

Atherstone says contributing to the demand for industrial accommodation in Westmead and Mahogany Ridge Industrial Park is the fact that the area is saturated with no more land available for developments in the area. “The area includes a mix of large users as well as mini-factories. Where large factories have been developed, they have always been let and currently there is certainly no surplus of large premises available to let in the area. Among the standalone properties, the size varies from approximately 800sqm to 30 000sqm,” he adds.

“Several listed property companies own large premises in the Westmead area, and these properties are let out to tenants who are generally well established businesses. Private investors, who derive rental income from tenants, are also prevalent in the area. In addition, there are businesses who have acquired their own premises as owner-occupiers, taking advantage of the merits of property ownership. Catering for smaller users, a number of mini-factory complexes have been built where businesses have also capitalised on the opportunity to acquire their premises. Other mini-factories are retained by the developers and owners, who rent the properties out,” he says.

Find industrial properties in Westmead, Pinetown here

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 23 Feb 2018
      RE/MAX Property Associates’ Table View Office, which services property buyers and sellers along the Table Bay coastline and surrounds, has recently sold a home in Woodbridge Island for R11 million – the highest price paid for any home in the sought-after security complex.
    • 23 Feb 2018
      Choosing to invest in an overseas property can be daunting. But as more and more investors recognise the value of a diversified portfolio that includes property outside of their own country of residence, international property investment is growing in popularity.
    • 23 Feb 2018
      The positive change in South Africa’s political landscape is paving the way for an upswing in the local property market.
    • 22 Feb 2018
      An excellent credit score is one of the most priceless assets a potential home buyer can have. This tool has the power to secure favorable mortgage and refinancing rate, influencing everything from the size of the loan repayment to the interest rate on the home loan.
    • 22 Feb 2018
      What do you do if you love your home’s location and the area, but the home no longer fits your growing family’s needs? Do you stay and renovate your existing home or find a home that meets your developing criteria?
    • 22 Feb 2018
      While every owner wants to sell their property at the best possible price, overpricing a home can be the kiss of death for a sale.
    • 21 Feb 2018
      Given the hand they were dealt, government has performed a delicate balancing act which it is hoped will serve to reignite confidence in investment in South Africa, regain our global credibility and satisfy the credit ratings agencies, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
    • 21 Feb 2018
      The real estate mantra, ‘location, location, location’ remains a strong market influence regardless of the prevailing economy, with suburbs like Rondebosch enjoying the buffering benefit of being ideally situated.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us