Warwick Triangle Retail Opportunity

AUCT-000179 | SOLD

10, 12 & 14 Wills Road, Durban, Durban, KwaZulu Natal


Please login or register for property info pack.

Warwick Triangle Retail Opportunity, 10, 12 & 14 Wills Road, Durban

Combined property extent: ± 2 460 m² | Close to Warwick Triangle train station & bus rank | High commuter trade zone | Two road frontages

Warwick Avenue is the centre point for commuters to the city centre where many formal and informal traders have established themselves. Every day hundreds of buses, taxis, and trains enter and leave the Warwick Triangle precinct commuting many workers to the centre, as well as thousands of visitors, shoppers, and informal traders. It serves a particular segment of commuters; those living in the rural areas, the townships, and informal settlements. In its environs there are types of fast food outlets rather different to those in the commercial sector; bovine head sellers, mealie cookers, and vendors of thick sandwiches with meat or fish available as packaged snacks from stalls. The place is very lively with music outlets blasting the latest competing hits, the blare of taxi horns, the piercing whistles of barrow boys and the roar of buses accelerating past the markets. This is the place of trades and occupations not found elsewhere in the city. Here are gold ‘tooth fairies’, cigarette sellers, traditional herbalists, isangoma, children’s pinafore sellers, lime and mphempo traders. Live chickens, fruit, vegetables and other items for sale. There is a buzz but also quieter spots where people can meet and talk.

Warwick Junction itself has become the site of urban reconstruction with many unusual developments; the creation in one sense of the African bazaar. The area has another side; a picture of inner city residence and urban decay. In the Warwick Avenue Triangle there are buildings which have become utterly derelict and houses and flats in reasonable condition. Some of these residents, however, also own shops which have a very active wholesale trade and shebeens which serve hundreds of men who stop over during their travel in and out of the city.

The area is well served with health facilities and educational institutions. The Lancers Road Clinics, the Prince Zulu Communicable Disease Centre and TB clinic, with dedicated STI and TB diagnostic facilities serves a large number of patients. Adjacent to it is the ambulance depot. Just across the freeway is the sprawling DIT (Durban Institute of Technology) which has assembled the previous two Technical Colleges, and students seek accommodation within the Warwick Junction area. There are a number of schools and churches nearby.

There are two registered properties with two street frontages, Wills Road and Acorn Road. Both properties are presently occupied by various formal and semi-formal commercial traders as well as residential components. The property is located amidst an extremely high pedestrian and vehicular traffic node.

The Seller was been approached by national retailers to develop the property.



Commercial Type:
Web Reference:
AUCT-000179
List price:
Price undisclosed
Address:
10, 12 & 14 Wills Road, Durban, Durban, KwaZulu Natal
Property Extent:
2460 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
14 April 2016 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?