20 Aug 2012
This as the growth node north of Durban continues to increase in popularity among homeowners and the business sector alike.
So says Alan Dryburgh, KwaZulu-Natal regional broker manager for JHI Properties, who has concluded a five year lease for approximately 2 200 square metres of industrial space in Capital Park on behalf of Autovest, for its flagship Auto Enhance fitment centre.
Capital Park is a brand new mini-warehouse development strategically well positioned in Mount Edgecombe, within easy reach of King Shaka International Airport as well as major transport routes in and around the city of Durban.
Located on the R102 Capital Park is close to Mount Edgecombe Plaza and the Whitehouse shopping centre, and strategically only a few kilometres from Gateway shopping centre and Umhlanga’s ‘Motor Town’.
“Autovest have taken a five year lease with a five year renewal for approximately 2 000 square metres of workshop and warehouse space and 200 square metres of office space including a reception area,” says Dryburgh.
This has enabled them to conveniently incorporate all their brands under one roof, with the aim of providing a one-stop vehicle accessory fitment centre offering a broad range of automotive accessories, he says.
These brands include Bucco Canopies, SA Canopy, Carryboy, Rhino Linings, Securi-Lids, Kilber bull bars and roll bars, StarTrek towbars and Auto Armor vehicle protection products.
Auto Enhance is a new franchised concept recently launched by the Autovest group, which is being rolled out nationally via the group’s existing 140 franchised fitment centres.
Kevin White, Autovest chief financial officer says a priority for Auto Enhance is being in close proximity to its primary market, being the motor dealerships.
“For this reason we chose Capital Park with its easy access to Umhlanga dealerships and also the N2 and M4, which provide routes to dealerships to the north and south,” says White.
Dryburgh says the demand for industrial space in the area is mainly from large users in the size range from 20 000 to 50 000 square metres seeking warehousing space in good locations.
“With the Riverhorse Valley development having been successfully received by the marketplace, we are experiencing a pent-up demand for industrial space in the Mount Edgecombe area in general.”
There is also a demand among smaller users, being owner-occupiers, for space from about 2 000 to 3 000 square metres.
Various other developments are developed or soon to be developed in the Ballito area to cater for expanding demand, adds Dryburgh.
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