In2assets, a leading name in national property auctions, is set to auction a portfolio of prime retail centres. The property auction will feature a cluster of retail buildings strategically located in key areas of KwaZulu Natal, showcasing lucrative investment opportunities for savvy buyers. The properties on auction include:

Bothas Hill, Durban:

A cluster of retail buildings featuring a Spar supermarket, offering a prime location for retail businesses and investors. End-user opportunity for new Supermarket brand. Income p/a +- R 2.8 Million 

Howick, Natal Midlands:

A suburban retail center with Spar as the anchor tenant, presenting a high-traffic location and strong tenant base. GIA +- R 5.74 Million 

Warner Beach, South of Durban:

A mixed-use community retail center with a Kwikspar as Anchor incorporating residential flats and approximately 1660m2 of retail space, catering to diverse consumer needs. GAI +- R 2.85 Million 

Pinetown, CBD: 

Prime retail space totaling approximately 10,000m2, offering a central location and high visibility in the heart of Pinetown. Gross annual Income +- R 9,9 million 

In addition to these retail centers, the auction will also feature other commercial investments in the Eastern Cape and Gauteng regions, expanding the scope of investment opportunities for interested buyers.

The auction will be livestreamed and takes place at the Mount Edgecombe Country Club at 11h00 on the 25th of April 2024. This virtual format allows participants from across the country to bid and participate in real time, ensuring a dynamic and accessible auction experience.

"We are excited to present this portfolio of prime retail centers to investors and businesses looking for strategic commercial opportunities," says Rainer Stenzhorn at In2assets. "These properties offer excellent potential for rental income, capital appreciation, and long-term investment returns."

The auction presents a unique opportunity for investors, developers, and retail operators to acquire high-quality retail assets in sought-after locations. Interested parties are encouraged to register for the auction and participate in this exclusive event.

For more information about the auction and to register as a bidder, visit www.in2assets.com or contact rstenzhorn@in2assets.com