Suburban Retail Centre For Sale

AUCT-000290 | SOLD

4 Posselt Road , New Germany, Pinetown, KwaZulu Natal


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Suburban Retail Centre, 4 Posselt Road, New Germany

Extent: ± 2 697 m² | GLA: ± 840 m² | Leases on a month to month basis | End-user opportunity

This property in extent of ± 2 697 m² consists of 7 shops and a carwash station and is ideally located on the entrance to Clermont and the surrounding Industrial hub of New Germany. It is also within working distance to the new bus route in New Germany and Pinetown, which is connecting nearby townships with Durban. The centre has the perfect opportunity for redevelopment since all tenants are on a month to month basis.

There is an opportunity to take over the bottle store which can be negotiated. To extend this property to a larger retail centre the option is to acquire the next door property at the same time which is an undeveloped piece of land.

New Germany is an industrial town situated just inland from Durban in KwaZulu-Natal, South Africa. It has been incorporated firstly into Pinetown and now into eThekwini. It was established in 1848 by a party of 183 German immigrants who settled on a cotton growing estate named Westville after the lieutenant-governor of Natal Martin West.


Commercial Type:
Commercial Building
Web Reference:
AUCT-000290
List price:
Price undisclosed
Address:
4 Posselt Road , New Germany, Pinetown, KwaZulu Natal
Property Extent:
2697 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
14 September 2016 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
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