Community Retail Centre

AUCT-000554 | SOLD

33 MacFarlane Drive, Gillitts, Durban, KwaZulu Natal


Please login or register for property info pack.

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.

To participate in this physical auction each bidder has to follow the registration procedures.

Commercial Type:
Retail Space
Web Reference:
AUCT-000554
Final price:
POA
Address:
33 MacFarlane Drive, Gillitts, Durban, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
21 November 2017 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.
SAVE
PRINT
DIRECTIONS

Property has been Sold

Introduced by:
MaxProp

MaxProp Broker Logo

Want your property GONE TOO?