Situated at 25 Richard Carte Road within Durban’s established Southern Industrial Basin, the property comprises a combined land extent of approximately 45,458 m² and a gross lettable area of approximately 33,845 m².
A national commercial property company has said it achieved a landmark result in the South African property auction industry, selling and confirming a major industrial facility for R285.5 million at its monthly public property auction held on July 21.
Situated at 25 Richard Carte Road within Durban’s established Southern Industrial Basin, the property comprises a combined land extent of approximately 45,458 m² and a gross lettable area of approximately 33,845 m².
This is the highest knockdown price ever achieved for an individual property at a public auction in South Africa.
Based on publicly available and independently reported auction records, the R285.5 million confirmed sale is believed to represent the highest knockdown price ever achieved for an individual property at a public auction in South Africa.
