Retail Investment with High Exposure to N2

AUCT-000833 | On Auction

31 Solstice Road , Umhlanga, KwaZulu Natal


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Landmark N2 Facing Retail Investment Complex, 31 Solstice Road, Umhlanga

Landmark property | Blue Chip tenants | Fully tenanted| Unrivalled N2 exposure | Large parking spaces | Gross Annual Income: R1 933 429.32

The subject property lies within Umhlanga New Town Centre. The Retail complex fronts onto the busy N2 national highway and boasts incredible exposure to passing traffic. The property is situated in a prime retail position within walking distance from Gateway Theatre of Shopping.

The subject property comprises 4 sectionalised retail units of varying sizes (270m2, 261m2, 261m2, 301m2). The units have seen many blue-chip tenants as occupants. Current tenants include Belgotex, Fit For Bed, and Homewood Luxury Crafts. The property has ample parking space for customers and each unit comprises large windows and huge exposure opportunities to the N2. Each of the four units in the complex comprise a mezzanine, kitchen, ablutions, large windows and air-conditioning. Unit D comprises a wooden deck.

The Umhlanga Ridge New Town Centre offers advantages of location which are unique to South Africa. It is a bustling business environment, 15 minutes north of the Durban Central Business Centre and the Durban Harbour. The location enjoys easy access onto a network of major roads, and approximately 25km from the King Shaka International Airport.

Umhlanga has become one of South Africa’s most important economic hubs. Investor confidence in Umhlanga is evident, with new and current developments totalling a conservative R10 billion. It is home to the first corporate office park in the Kwa-Zulu Natal province, being the La Lucia Ridge Office Estate which includes a number of national corporate head offices amongst many other multinational corporations in the legal, financial and engineering fields.

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Commercial Type:
Retail Space
Web Reference:
AUCT-000833
List price:
POA
Address:
31 Solstice Road , Umhlanga, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
06 December 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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Auction Date: 06 December 2018 11:00 am

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