by In2assets  |   January 27, 2023

Portfolio of Properties - Betting Totes Nationally

In2assets will be auctioning seven commercial properties on February 15 at 11am.


The first is a commercial and retail building at 11 Pridely Rd, Reservoir Hills, in KwaZulu-Natal.

The popular commercial property - which has 28 parking bays - is currently operating as Marshall’s World of Sports Betting, which has been in operation for over 20 years.

The property consists of various betting areas, bar area, gambling machine area, customer ablution facilities, a kitchen and store rooms. The property is well maintained and has good exposure.

For more information, please contact Virend Deonarain on 071 383 1735 or email vdeonarain@in2assets.com.

The second property going under the hammer - sections 1, 2 and 3 of the SS Verulam Racing Centre in Todd Street - is a ±1000m² commercial building in Verulam CBD.

This property comprises a three-storey commercial building. 

The ground floor is divided into two sections with one being utilised as a tote and the other as a bar/liquor store. The first floor is made up of open-plan and individual offices. The second floor hosts the horse betting section which is made up of an open-plan area with teller counters, a back office, and a small storeroom. 

All floors offer kitchenettes and ablution facilities.

The property also includes a single garage and a slabbed parking area of ±700m² and a second undercover parking level. Both the slabbed parking area and the undercover parking can accommodate parking for ± 40 vehicles in total

For more information, please contact Muhammad Ali on 079 458 4256 or email alim@in2assets.com.

 

The third property is at 1 Link Road in Gordon's Bay in the Western Cape.

With an extent of ±669m² it features prime corner position, a high-exposure location and good passing trade. 

The next lot features two adjacent buildings at 28 Swapo (Broadway) Road & 54 Balmoral Drive, Durban North. They are on two separate erfs so can be sold separately or combined.

Currently, Marshall World Of Betting occupies both properties but will vacate offering vacant occupation to the buyer.

Property 1 on Swapo Road is a large, upmarket double-storey office building with great exposure and 19 parking bays.

Property 2, located adjacent to the above property, is a double-storey office building, which also has an outbuilding and a generator (which currently provides back-up power to both properties). Additionally, there is a separate ground-floor cottage currently used as offices. and 26 parking bays.

The next property is at 69 Clarendon Street, Parow, Cape Town. It has a combined extent of ±892m², is in a high-density residential area and provides a conversion opportunity.

For more information on any of the above three lots, please contact Luke Hearn on 071 351 8138 or email lukeh@in2assets.com

The final property is at 112 Durban Road, Uitenhage, Eastern Cape, and has an extent of ±1306m² and a GLA of ±300m².

Currently tenanted by Marshalls it offers great street exposure and is made up of large modern open-plan areas with additional large yard for expansion or off-street parking. 

This property lends itself to a conversion opportunity to allow for multiple tenants. 

For more information, please contact Brad Dowlman on 073 757 9533 or email bdowlman@in2assets.com