Extent: ± 3 045 m² | Potential gross annual income: ± R3.8 Million (Including projected income & recoveries)
The subject property is centrally located within the Stanger CBD on the King Shaka & Chief Albert Luthuli Streets. It is positioned west of the N2 freeway and south of the R74 Main Road. Stanger or as it is now referred to Kwadukuza is a town on the North Coast of KwaZulu-Natal, South Africa.
Kwadukuza is a cane growing centre and a bustling town. Stanger became a municipality in 1949 and is the
commercial, magisterial and railway centre for one of the more important sugar producing districts.
The modern day town area of Kwadukuza has a distinct eastern flavor due the import of Indian labourers during the late 1800s to early 1900s to work under the sugar cane barons. The expansion of the Indian community brought about a change in the economical and cultural attributes of Kwadukuza.
The macro location of the property is good due to its close proximity to Ballito and Durban's Central Business
District which is approximately 60km from Stanger. The micro location of the subject property is excellent as it
is within close proximity to the municipal offices and there is excellent passing trade, both vehicular and
This prominent located and well-maintained building in the middle of Stanger’s central business district is situated road level to the busy and sought-after King Shaka Street. The building has been home to well known household tenants such as Markhams, American Swiss, Edgars & Jet. The property has also been home to The Horse Shoe Ranch for many years.
All retail sections of the subject property are located on the ground floor of the building utilizing the high levels of pedestrian and vehicular traffic. The properties have incredible exposure and ease of access allows for a variety of retail shops to be successful. Each section of the property has ducted air-conditioning, their own ablutions and kitchen facilities.
Currently the property has three tenants and two vacancies. Current tenants include Markhams, American Swiss and The Horse Shoe Ranch. The Ex-Edgars section has ample secure undercover parking with 36 bays. The basement has direct access into the store. Additional parking can be found behind the building and along the roads in front of the property.
To participate in this physical auction each bidder has to follow the registration procedures.