Tenanted Investment Property in Empangeni

AUCT-000902 | On Auction

6 4th Street, Kuleka, Empangeni, KwaZulu Natal


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Mixed-Use Investment Property, 6 4th Street, Kuleka, Empangeni

Extent: ± 4 121 m² | Tenanted investment property | Current Gross Annual Income: ± R707K | Potential for further Income

This property comprises a mix of tenants with smaller retailers occupying the commercial segment of the property. The property also offers an industrial and residential component. With a current gross annual income of ± R 707 000 this property presents an ideal Investment opportunity. There is a potential to increase this income further should the property be fully let.

The property is located at No. 6 4th Street within a commercial / industrial node known as Kuleka in Empangeni. Empangeni is a town that lies approximately 150km north of Durban and ± 16 km from Richards Bay which is a major harbour town and is home to one of the country’s largest harbours. Richards Bay also has the deepest natural harbour in the southern hemisphere. The Richards Bay coal terminal is the largest coal export facility in the world with a planned capacity of 91 million tons per year.

The area is easily accessible via the N2 National Road when taking the Richards Bay / Empangeni exit, which leads to the John Ross Highway. The John Ross Highway is the main Highway that links Richards Bay and Empangeni. Access to the property is via 4th Street which is off the R102 Main Road. The R102 links to the John Ross Highway.

Kuleka can be described as a commercial / industrial hub, with businesses such as a large Cash and Carry as well as Toyota, Buco, Distell Distributers, Coastal Farmers and several engineering companies. Most modern day amenities and facilities can be found within the CBD of Empangeni which is situated approximately 5 km from the property.

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Commercial Type:
Commercial Building
Web Reference:
AUCT-000902
List price:
POA
Address:
6 4th Street, Kuleka, Empangeni, KwaZulu Natal
Property Extent:
4121 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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