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.