Two Mixed Use Properties

AUCT-000706 | SOLD

32 Old Mill Road, Tongaat, KwaZulu Natal


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Two Mixed Use Properties, 32 Old Mill Road, Tongaat

Portion 1: ± 6 006 m² | Portion 1: Gross annual income ± R 129K month to month lease | Portion 6: ± 2 111 m² | Portion 6: Gross annual income ± R 305K a long term lease & a month to month lease| ± 5 km to King Shaka Airport

This industrial and mixed use node is also known as the Tongaat business park. Tongaat is a well-established town along the north coast of Kwazulu Natal and holds great historical value. The town is fully sustainable with a great variety of blue chip and local retail shops, a large industrial node, schools and a regional hospital. The property is approximately 3km from the new King Shaka International Airport.

These two erven originally formed part of the Tongaat Business Park however the owner decided to collapse the sectional register and to carve the site into smaller portions. This is essence allows smaller traders to afford ownership of their own independent properties. As per the town’s special framework; portions 1 and 6 are zoned for mixed use. There are a number of existing buildings on the property.

Both properties gain access from Old Mill Road and are adjacent to one another.

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

Commercial Type:
Commercial Building
Web Reference:
AUCT-000706
Final price:
POA
Address:
32 Old Mill Road, Tongaat, KwaZulu Natal
Property Extent:
8307 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
25 July 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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