Commercial Development Opportunity

AUCT-000876 | On Auction

16 Groom Street, Verulam, KwaZulu Natal


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Commercial Development Opportunity, 16, 22 and 24 Groom Street, Verulam

Three erven with a combined extent of ± 4 863 m² | Situated within a busy retail town | Previously a community hotel

Locality

This redevelopment property is located on the outer fringe of the Verulam Business District. This used to be a landmark hotel which was recently demolished. The adjacent properties include the town Library, the magistrates Court and the town’s railway station. The property is one block away from Wick Street which is the main business street running through the Verulam town. There are many blue chip national retail brands and banks represented within this vibrant town. The property is less than 1km from the R102 Main Road which links Verulam with Umhlanga Rocks. The M27 connects to the N2 Freeway to the east and the R 102 Main Road connects to the M41 and the N2 Freeway to the South.

The Verulam CBD is approximately 5km south of the Canelands Industrial node. Verulam comprises of middle to upmarket residential dwellings as well as sectional title developments. The new King Shaka International Airport is approximately 10 kilometres north along the R102. The Gateway Shopping Centre, Cornubia Mall and the Phoenix Plaza Shopping Centre as well as numerous schools are in close proximity to the subject property.

Primary use

The property used to be a Hotel known as the Railway Hotel however it was recently demolished.
Zoning allows for, amongst others, the following primary uses:

- Retail
- School or Creche
- Residential (Excl. Ground)
- Fuel Station
- Hotel
- Healthcare or Medical facility
- Motor workshop
- Betting Depot

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Commercial Type:
Development
Web Reference:
AUCT-000876
List price:
POA
Address:
16 Groom Street, Verulam, KwaZulu Natal
Property Extent:
4863 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
13 March 2019 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: 13 March 2019 11:00 am

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