Commercial for sale
Operate from a prime logistics hub on Sydney Road, Congella — under 5km to Durban harbour, eight-unit complex with retail frontage, secure yard and onsite diesel generator.
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.
Listed for sale at R39,000,000
Price reduced by 1.3% to R38,500,000
Congella is a densely industrial and mixed-use urban suburb in Durban, offering residents close proximity to the port and convenient access to central employment nodes.
