Commercial Property For Sale MINUTES away from the DURBAN PORT, Durban, KwaZulu Natal

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 generator, so it keeps running during load shedding

Sits in Congella, one of Durban`s busiest industrial/logistics areas

A ~R11 billion upgrade planned for the port (Transnet/ICTSI Pier 2 deal) could boost demand for industrial space in this area over time

Summary:

It`s a well-located, mostly-occupied industrial building with a diverse group of paying tenants, decent income, and some upside potential if the port upgrade drives more demand for warehousing nearby. The two source documents don`t perfectly agree on exact size, price, and net income figures — worth confirming the final numbers before using them in a client-facing document.