Mixed-Use Retail in High Trade Node

AUCT-000968 | On Auction

112 Old Main Road, Pinetown, Durban, KwaZulu Natal


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Mixed-Use Retail in High Trade Node, 112 Old Main Road, Pinetown

Extent: ± 319 m² | Prime road frontage | Investment property | National tenant | High levels of vehicular and pedestrian traffic

Locality

The property fronts onto Old Main Road (M31) in central Pinetown and enjoys excellent exposure to high volumes of vehicular traffic. The neighbourhood is well-established and comprises a mix of large-scale industrial premises, light industrial, showroom and retail properties. Numerous national and blue-chip industrial tenants occupy the node.

Pinetown central is known as 'Motor Town' due to the large number of motor dealerships along Josiah Gumede Road which contributes to the popularity of the area as a commercial and economic growth point. The Pinetown CBD separates the subject industrial node from the Westmead industrial node to the west. The property is conveniently positioned on the Old Main Road (M31), which passes through the city centre and extends east into the residential township of Cowies Hill. Old Main Road is easily accessed from Stapleton Road (M5), which links directly with the M13. The property is in close proximity to all main arterial routes namely the N3, M13, N2 and M19. All modern amenities and public services are located in Pinetown Central.

Primary Use

The subject properties form part of a large investment portfolio disposal sale which include 18 properties in KZN and 4 JHB properties. The subject property boasts high visibility to Old Main Road which takes advantage of the high levels of passing trade. The property is incredibly well maintained and is in very good condition. The property offers great branding opportunities and easy access from Old Main Road and offers prime retail and workshop space. The building forms part of a Sectional Title Scheme known as Section 2 of SS “112-116 Old Main Road”, measuring ± 319 m².

The property currently comprises a mixed-use set-up with a retail, office and workshop component. The property is made up of a retail counter with open plan offices directly behind it; closed offices with drywalling; an interleading door to the warehouse which comprises a roller shutter door, a mezzanine, storage space, bathrooms and kitchen area. The property is accessed either through a customer entrance which fronts Old Main Road or via the back of the building through the Roller Shutter Door. The property also comprises a dedicated yard area. The property is currently tenanted with a national tenant. For information on current lease terms please contact me to discuss in more detail.

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Commercial Type:
Retail Space
Web Reference:
AUCT-000968
List price:
POA
Address:
112 Old Main Road, Pinetown, Durban, KwaZulu Natal
Property Extent:
319 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
24 July 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: 24 July 2019 11:00 am

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