Re-Development Opportunity On Old Main Road In Pinetown

AUCT-001456 | On Auction

Re-Development Opportunity On Old Main Road In Pinetown

164 Josiah Gumede (Old Main) Road, Pinetown, Durban, KwaZulu Natal

Re-Development Opportunity. 164 Josiah Gumede (Old Main) Road, Pinetown

Site Extent: ± 1 205 m² | Positioned within commercial precinct of Pinetown | Zoned: Mixed Use 2 (Some of the permitted uses applicable to Mixed Use 2 zoning are Display Area, Educational Establishment, Flats, Hotel, Motor Display Area, Offices, Place of Public Entertainment, Shops and Fast-Food Outlet, just to name a few) | Excellent exposure from two of the busiest intersections in Pinetown | Sold with vacant occupation | One of the last remaining residential site between M19 & M5 Highways


This property is one of the last remaining residential properties that is positioned between the M19 and M5 (Otto Volek /Stapelton Road) highways. The property is already zoned for Mixed Use activities and as such this property provides one with opportunity for re-development. All of the surrounding properties are used for commercial activities which creates a very busy atmosphere in this specific node. As such, this property is exposed to high levels of vehicular and pedestrian traffic. Some of the permitted uses applicable to Mixed Use 2 zoning are Display Area, Educational Establishment, Flats, Hotel, Motor Display Area, Offices, Place of Public Entertainment, Shops and Fast-Food Outlet, just to name a few.

Currently the property is developed with a residential dwelling, outbuilding and separate single garage. The main dwelling comprises 3 bedrooms, 2 bathrooms, kitchen, lounge & dining room and study. The outbuilding comprises an open plan lounge, dining room, bathroom and a bedroom. The single garage is currently being used as a salon. The property has two entrances which allows for one to tenant the individual buildings with ample on-site parking.

The property fronts onto Old Main Road (M31) in Pinetown and enjoys excellent exposure to high volumes of vehicular traffic. Access onto the property is obtained via the slip road Leeds Crescent which basically runs parallel to Josiah Gumede (Old Main) Road. 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 tenants occupy the node.

The neighbouring properties and properties positioned directly across include Philtec, Thekwini Cars, Best Drive, Renault, Toyota, CMH-Nissan and a Caltex service station, to name a few. The property is positioned in front of two of the most-busiest intersections of Pinetown and approximately 200m from the Sandy Centre Shopping Centre. Pinetown central is known as 'Motor Town' due to the large number of motor dealerships along Josiah Gumede Road (Old Main Road) which contributes to the popularity of the area as a commercial and economic growth point.

The property is conveniently positioned on Josiah Gumede Road (Old Main Road), 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.

Commercial Type:
Development
Web Reference:
AUCT-001456
List price:
POA
Address:
164 Josiah Gumede (Old Main) Road, Pinetown, Durban, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
19 May 2021 11:00 am



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

Bidding opens in


Auction Date: 19 May 2021 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
071 383 1735
[email protected]


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