Rental Property Next to Taxi Rank

Rental Property Next to Taxi Rank

AUCT-000673 | On Auction

136 Khuzimpi Shezi Road, Umbilo, Durban, KwaZulu Natal


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Commercial Property Close to Taxi Rank, Corner Khuzimpi Shezi (Williams) Road & Dalton Road, Umbilo, Durban

Property: ± 318 m² | Gross building area: ± 570 m² | Gross Annual Income: ± R130K

This double storey commercial/retail property is positioned within a taxi rank and being a corner site, it is exposed to high levels of vehicular and pedestrian traffic. It is positioned opposite the Dalbridge Train Station. Consumers and patrons visit the property till late hours of the night.

The property comprises 3 ground floor retail components, a huge first floor retail component and 2 offices on the first floor as well.

The retail shop with rear storage room, cold room and ablution fronts onto Dalton Road. This shop is currently tenanted. A second vacant retail shop with a store room and small office fronts onto Williams Road. The larger retail shop is positioned at the corner of Williams Road and Dalton Road. This shop has exposure from both roads and is fully fitted with security barred counters, gates and shelving. The first floor retail component is currently operating as a bar and restaurant and consists of ablution facilities. The first floor passage accesses to spacious individual offices, one with a balcony and one with an ablution.

Note - The cold room in the occupied retail shop belongs to the Seller but is currently not in working condition. The cold room in the second vacant retail shop belongs to the Seller and is in working condition. The multiple door fridges in the larger retail ground floor shop belong to the Seller, and all fittings and fixtures belong to the Seller. All the movables on the first floor bar and restaurant which include the chairs, tables and pool tables belong to the Seller, however all the items / stock and fridges that are behind the counter belong to the tenant. The Seller has informed us that the property is sold lock stock and barrel.

It should be noted that the following movable assets are included in the Sale: -

Upstairs – Bar

1 x Pool table & accessories
7 x Wooden tables
1 x Bar Counter
Mixture of Metal & Plastic chairs

Downstairs – Bottle Store

5 Door white fridge – (The Seller has informed us that the fridge was recently serviced and upgraded which cost ± R30K)

Shelves serve as a Counter (Not fixed to the floor) as well as the white shelves against the wall

Downstairs – Take Away & Eating/Braai Room

Serving Counter
Bain Marie
Cold Room – Needs to be serviced
Extractor

The property is located within the suburb known as Umbilo Industrial, located south west of the Durban CBD. It is positioned at the corner of Williams Road and Dalton Road within a taxi rank node. Williams Road runs parallel to Sydney Road (R102). This Industrial area is in close proximity to Maydon Wharf, which is part of the Durban Harbour and just south of the property. The node is bisected by the M4 Southern Freeway and the property is set west of the M4 Highway. The Metro Railway line and the Dalbridge Station is in close proximity to the property.

It is predominantly made up of large warehousing, distribution facilities, retail and office uses. The property can be accessed directly off Williams Road and Dalton Road. Williams Road joins Sydney Road immediately after passing Canberra Road to the South. Sydney Road is the main arterial road that carries traffic towards the south and connects to Edwin Swales V C Drive (M7).

The local vicinity offers limited modern amenities but the surrounding residential suburbs provide shopping facilities, schools and parks. Public facilities and transport are provided on South Coast Road, which runs parallel to the M4. The area is fully serviced with tarred roads, sewerage, refuse removal and Telkom networks.

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

Commercial Type:
Commercial Building
Web Reference:
AUCT-000673
List price:
POA
Address:
136 Khuzimpi Shezi Road, Umbilo, Durban, KwaZulu Natal
Property Extent:
318 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
16 May 2018 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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DIRECTIONS
Auction Date: 16 May 2018 11:00 am

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