High Street Retail Investment

AUCT-000916 | SOLD

125 Pine Steet, Greytown, KwaZulu Natal


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High Street Retail Investment, 125 Pine Steet, Greytown

Tenants include Sanlam and Ackermans | Gross Annual Income: ± R1 070 000 | Busy commercial node | 16 Untenanted Residential rooms

LOCALITY
The subject property is situated within the inland township of Greytown, which is located some 150 kilometres from Durban and approximately 60 kilometres from Pietermaritzburg. Greytown is at the hub of a network of roads leading to Colenso, Mooi River, Stanger, Pietermaritzburg and Dundee and is formed on the banks of the Umvoti River. The town boasts a wealth of Victorian architecture and the surrounding scenery ranges from rolling fields of sugarcane to timber plantations and hills covered in aloe and euphorbia.

The subject property is located within the heart of the Greytown CBD, along Pine Street, the main roads running through the city centre. The full spectrum of municipal services is available, and emergency services such as SAPS, medical and firefighting services are well represented in the area.

PRIMARY USE

The subject property comprises of a main street retail strip with national tenants; Ackermans, Sanlam and Finbond which is along Pine Street. Pine Street is exposed to excellent vehicular and pedestrian traffic and there is ample street parking. The Retail strip has direct access onto the pedestrian walkways and enjoy prime exposure. The property is well maintained. There is approximately ± 1 719 m² Gross Building areas.

To participate in this physical auction each bidder has to follow the registration procedures.

Commercial Type:
Commercial Building
Web Reference:
AUCT-000916
List price:
Price undisclosed
Address:
125 Pine Steet, Greytown, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
17 April 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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Property has been Sold

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