by In2assets  |   October 13, 2021

Five Pinetown Properties On Auction

In2assets will be auctioning 13 commercial and investment properties on October 19 at 11 am at the Mount Edgecombe Country Club.

Five Pinetown properties are listed on the auction, including:

A ±6 700m² shopping centre with anchor tenants A5 Cash & Carry and Supabets at 23 Hill Street.

Two side-by-side industrial warehouses at 51 and 53 Alexander Street.

An A-grade commercial property at 1 Crompton Street.

A ± 3 818m² multi-unit, tenanted industrial property at 12 Ivy Road.

Other highlights of the sale are a prominent Umhlanga New Town Centre commercial development site, at 40 Twilight Drive, with a bulk of ± 8 170m², as well as a three-storey, vacant commercial building with a GLA of ± 3 615m² at 62 First Avenue, Umgeni, in Durban’s CBD. “The property market in KZN has seen an upswing of sales of industrial properties,” comments Rainer Stenzhorn from In2assets.

“Some of our recent sales include a ± 2 100m² investment property at 127 Umbilo Road, Congella, sold for R8.5 million, and a ± 4.2 hectare industrial property at 3 Eddie Hagen Drive, Cato Ridge, sold for R 18m. “With the easing of Covid-19 restrictions, investors’ confidence seems to return and we are looking forward to three more months of successful trading in 2021.”
For more information on any of these properties, contact In2assets at 0861 444 769 or email [email protected] Bids can be submitted remotely via the In2assets online bidding platform accessible from PC or by downloading the In2assets App from the Google Play Store or App Store.