Mixed-Use Commercial Unit. Section 15 Pinedale, 135 Josiah Gumede (Old Main) Road, Pinetown, KwaZulu Natal
Extent: ± 800 m² | Potential Gross Annual Income: R 700K (if fully tenanted) | Workshops & offices | High exposure | Partly occupied
This double storey mixed use commercial unit is positioned on Old Main Road, now known as Josiah Gumede Road. Josiah Gumede is the main arterial that runs through the Pinetown Central Business District and Pinetown Residential (Cowies Hill Park) nodes, all the way into Pinetown Industrial (Westmead) node. The property is exposed to levels of traffic. The unit comprises of approximately 600 m² under roof and approximately 200 m² of open roof area. The unit comprises of lower level workshops and upper floors offices. This building can occupy 3 tenants easily.
A portion of the ground floor is currently tenant, with a strong tenant in place until 2022, with the option to renew for a further 5 years.
The property is easily accessed from surrounding freeways such as the M7, M13 and the M19. The immediate area and surrounding properties consist of high-rise buildings comprising retail and commercial on the ground floor and offices on the upper floors.
The property lies in close proximity to the St Johns Checkers Centre, the Pine Crest Shopping Centre, Knowles SPAR, Crompton Hospital. Various government departments such as the Pinetown Magistrates Court, Department of Home Affairs, Department of Labour, Department of Education, SARS and the Pinetown Civic Centre are positioned within walking distance from the property. Apart from the UKZN Pinetown University, there are approximately 15 other tertiary institutes positioned within close proximity. All modern-day amenities are found within walking distance from the property.