Prime Retail Property

AUCT-000340 | SOLD

329 Monty Naicker Street, Durban, KwaZulu Natal


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Prime Retail Property, 329 Monty Naicker (Pine) Street, Durban

PORTFOLIO SALE

Two Retail shops with prime exposure | Amidst the Berea and Central Taxi Ranks | Very high commuter trade zone along Foundry Lane | Projected gross rental income: ± R409K per annum

This Retail property is located in Durban’s CBD opposite with two Taxi Ranks. The property consists of single level retail shops with great exposure to both Pine Street and Foundry Lane. Monty Naicker (Pine) Street is one of the main arterial road filtering out of the city along toward the N3. The property therefore enjoys prime exposure. The first retail store is approximately ± 95 m² and the second Retail store approximately ± 127 m². There is also a Vodacom Mast from which an income is derived. The projected gross annual rental is ± R409K.

Commercial Type:
Retail Space
Web Reference:
AUCT-000340
List price:
Price undisclosed
Address:
329 Monty Naicker Street, Durban, KwaZulu Natal
Property Extent:
222 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
06 December 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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