Shopping Centre - Retail Centre

AUCT-000686 | SOLD

Shopping Centre - Retail Centre

3 First Street, Kuleka, Empangeni, KwaZulu Natal

Retail Centre Within Taxi Rank, 3 1st Street, Kuleka CBD, Empangeni

Extent: ± 3 121 m² | Gross Lettable Area: ± 1 125 m² | Gross Annual Income: ± R 1 060 000 | 11 Retail shops | Over 40 parking bays | Within busy taxi rank


Property consists of a shopping centre or retrial centre positioned within the commercial hub of Kuleka, Empangeni. Property is surrounded by various other shopping centres, retail and mixed used commercial properties. Ample parking is available on site.

The subject property is located within the suburb known as Kuleka, which forms part of the Empangeni Township. Kuleka is set on the south eastern border of Empangeni. It is a mixed use node offering retail, office and industrial accommodation. Kuleka, Empangeni is positioned approximately 2 kilometres west of the N2 National Freeway, which follows the coastline as far south as Port Shepstone on the South Coast. Empangeni is set on the KwaZulu-Natal North Coast and is approximately 170 kilometres north of Durban City, as well as forming part of the greater Zululand region.

The subject property is accessed off 1st Street and is approximately 1 kilometre south of the intersection with Main Road R34. Main Road runs west through the centre of Empangeni and connects to the N2 to the east. Most modern amenities are found within Empangeni, whilst alternative amenities are located in Richards Bay. The Empangeni High School and the Empangeni Country Club are a short drive away. Empangeni Central is set further north and comprises the Sanlam Centre.

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

Commercial Type:
Commercial Building
Web Reference:
AUCT-000686
Final price:
POA
Address:
3 First Street, Kuleka, Empangeni, KwaZulu Natal
Property Extent:
±3121 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
20 June 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.

Bidding opens in


Auction Date: 20 June 2018 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
[email protected]


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