Investment Property In Vibrant Business Precinct

AUCT-000997 | SOLD

6 Ekamanzi Road, Dalton, KwaZulu Natal


Please login or register for property info pack.

Retail Investment Property, Magnum Building, 6 Ekamanzi Road, Dalton

OPENING BID: R1.4 MILLION

Extent: ± 793 m² | GBA: ± 680.47 m² | Gross Rental Income: ± R272 196

The property is situated between Save Cash and Carry and the First National Bank. Both of these host the only ATM’s in the town, hence the busy nature of the spot. Shop one is tenanted by a Chinese store that has been trading there in excess of 5 years. They sell fashion goods and have recently extended their lease by 5 years. They pay an amount of R9 200 pm. Shop two has also been there over 5 years and has also extended the lease by another 5 years. This shop is owned by a Pakistani Trader and he sells electronic and furniture goods successfully. The rent is R13,483 pm.

There are two apartments upstairs and these are occupied by the tenants and included in the rental of the shops. This is a perfect property for someone looking for a viable investment in a good trading town with an affordable entry level point as an addition to an existing portfolio or as a solid starting point to property investment.

Dalton is a trading town east of New Hanover and it was built in 1850. It serves a large population area that commute here with daily taxi buses from areas such as Cool Air, Noodsberg, Applebosch and Swayimana to name a few.

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

Commercial Type:
Retail Space
Web Reference:
AUCT-000997
List price:
Price undisclosed
Address:
6 Ekamanzi Road, Dalton, KwaZulu Natal
Property Extent:
793 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
20 August 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.
SAVE
PRINT
DIRECTIONS

Property has been Sold


Want your property GONE TOO?