Community Retail Centre, 33 MacFarlane Drive, Gillitts, Durban
Fully tenanted |Gross Income of ± R 810K annually excludes the imminent cellular tower to be erected which will attribute a further ± R 66K income annually| Within an upmarket community
Gillitts is an upmarket neighbourhood situated within the outer west council node of Durban’s Ethekwini municipality. This suburb is easily accessible from the M13 highway which links Durban with Pinetown, Kloof and neighbouring Hillcrest. The suburb is rich with natural lush trees and vegetation in large expansive properties. There are many upmarket residential cluster communities. The nearest retail node is Hillcrest or Kloof which makes this a standout opportunity for current investment or future tenant restructuring. The immediate area, also known as the Highway area, is rich with a high standard of schools and other community facilities.
The property is prominently located on the corner of Ashley and Macfarlane Drive and enjoys easy access through a large entrance. There are 7 retail stores which include amongst others a modern gym, hair studio and restaurant. The tenants have been part of this centre since its inception two years ago and are trading well. The property offers ample onsite parking to its customers.
The current Gross Income of ± R 810K annually excludes the imminent cellular tower to be erected which will attribute a further ± R 66K income annually.
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