Well Positioned Mixed-Use Investment, 666 - 672 Main Road, Northdene, Queensburgh
Extent: ± 4 255 m² | Further development opportunity | Income generating | Gross Annual Rental: ± R397K | High exposure location | General Commercial Zoning
This mixed use investment property has an ideal location along Northdenes Main Road providing high exposure to large volumes of passing trade.
The property comprises three road facing retail units with its own off street parking and one retail unit below them. The retail units were previously utilised as a plumbers workshop and office (includes a garage and office area), a supermarket (included bakery, restaurant & post office), a bottle store & a tavern was utilised underneath them in the fourth retail space. The property also includes 3 flats above the retail units, a scrap yard, a car wash facility and the property also includes a large yard area. The property is easily tenanted and is situated in a high demand area.
Queensburgh is a town in KwaZulu-Natal, South Africa that is situated inland (southwest) from Durban and now forms part of eThekwini, the Greater Durban metropolitan area. The hilly area was settled by people working in Durban who wanted to escape the humidity of the coastal city. In 1924, four residential townships in the area, Malvern, Escombe, Northdene and Moseley combined to form the town of Malvern. The area is served by an arterial road called Sarnia Road that begins at Solomon Mahlangu drive (formerly Edwin Swales Drive) in the southernmost part and traverses the localities of Sea View, Bellair, Malvern, Escombe, Northdene and Moseley.
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