Commercial Development Site

AUCT-001402 | On Auction

Commercial Development Site

5-7 Cocos Avenue, Lotus Park, Isipingo, KwaZulu Natal

Commercial Development Site. 5-7 Cocos Avenue, Lotus Park, Isipingo

Site extent: ± 6 365 m² | Zoned: Limited Commercial | Ideal site for provincial or national retailer


This Limited Commercial site in extent of 6 365 m² is perfect for the development of a retail shopping centre / strip mall with an anchor tenant such as Shoprite, Check Mart, Check Star, Save Rite or even a franchise of the OK brand. The site is perfect for a provincial retailer which will be supported by the immediate communities of Isipingo. Approximately 3500 m² of the site is almost flat and the remainder of the site slopes towards the eastern boundary. The permitted uses applicable for Limited Commercial Sites are Fuel and Filling Station, Shops/ shopping centre, hotel, offices, public worship just to name a few. In 2016 OK Franchise Division shown interest in the site is developing it into a retail shopping centre.

The site is positioned within the residential suburb of Lotus Park. The site is bound by Cocos Avenue and Bauhenia Crescent and obtains easy and quick access to Phila Ndwandwe Road, the main road that links to the N2 Freeway.

Commercial Type:
Vacant Land
Web Reference:
AUCT-001402
List price:
POA
Address:
5-7 Cocos Avenue, Lotus Park, Isipingo, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Gate 2
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
18 February 2021 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 18 February 2021 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
071 383 1735
[email protected]


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