Scarce Umhlanga office and retail space major attractions of online auction
In2assets will be offering office as well as retail space in sought-after Umhlanga at its next live studio online auction on July 22 at 11am. Bidding will be invited for four offices and an Umhlanga Ridge upmarket shop, both close to the Gateway Theatre of Shopping.
The sectional title offices to be auctioned are units 101, 115, 122 and 123 in Aldrovande Palace at 6 Jubilee Grove in the Umhlanga New Town Centre; and the retail offering is Shop Number 2 of Section 27 in the Grand Central sectional title complex at 4 Solstice Avenue.
Luke Hearn, who is handling the sale for In2assets, says the offices, measuring about 123, 87, 186, and 78m2, respectively, with one unit also offering a 65m2 enclosed garden, will be sold individually or as one combined lot.
Aldrovande Palace is a mixed-use development behind Gateway that stretches right to the N2 freeway, near the proposed Cornubia interchange. “The first-floor offices are in the Umhlanga Ridge New Town Centre, a bustling business environment, just 15 minutes’ drive from King Shaka International Airport to the north, and the Durban CBD and harbour to the south.
“The area has diverse office, retail, and residential applications with many modern and new amenities - including La Lucia Ride Office Estate - nearby and major new developments still under construction. The offices on offer are conveniently positioned between the N2 and M4 major access roads. The six-storey Aldrovande Palace building has basement parking, some retail operations on the ground floor, a courtyard with a water fountain at first floor level, communal swimming pool and ablutions on the roof, and residential apartments on the other four floors,” Hearn explains.
The Grand Central retail property to be auctioned, in the same online sale on July 22, has about 190m² street level space with a mezzanine loft of about 80m2, and two secure off-street parking bays.
“The shop, just about 50m from the Gateway shopping complex, is in a highly sought-after node, where property is extremely difficult to obtain. It fronts onto Solstice Avenue - a link road between Twilight Drive and Millennium Boulevard – and is zoned ‘Mixed Use 1’ which allows use for any commercial business. It is now a tiled and carpeted upmarket, air-conditioned store with burglar alarm, kitchen and two toilets,” Hearn adds.
Bidding for the multi-property auction will be available online via https://auctions.in2assets.co.za. For more details, contact Luke Hearn on 071 351 8138 or email [email protected]
or visit www.in2assets.com.