High Exposure Investment Property in Queensburgh

AUCT-000743 | SOLD

666 Main Road, Northdene, Queensburgh, KwaZulu Natal


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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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Commercial Type:
Mixed use Commercial
Web Reference:
AUCT-000743
List price:
Price undisclosed
Address:
666 Main Road, Northdene, Queensburgh, KwaZulu Natal
Property Extent:
4255 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
19 September 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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