± 357 m² Retail Unit In Gateway, Umhlanga Rocks

AUCT-001471 | On Auction

± 357 m² Retail Unit In Gateway, Umhlanga Rocks

Sections 1A & 1B SS Royal Palm, 6 Palm Boulevard,, Gateway, Umhlanga Rocks, KwaZulu Natal

± 357 m² Retail Unit. Sections 1A & 1B SS Royal Palm, 6 Palm Boulevard, Gateway, Umhlanga Rocks

Unit 1A & 1B: ± 357 m² | Unit 1A: ± 235 m² - Ground floor & Mezzanine floor – Sold with Vacant Occupation | Unit 1B: ± 122 m² - Ground floor & Mezzanine floor – Gross Annual Income: ± R320 000 | Ground floor units facing Gateway Boulevard | Designated secure parking bays


These retail units, overlook the Gateway Theatre of Shopping’s Palm Boulevard and are located within the Royal Palm Hotel building on Palm Boulevard. Both ground floor units are positioned directly opposite My Diners Restaurant at Gateway Boulevard. Units 1A and 1B form Section 1 of Royal Palm and are allocated 3 secure parking bays in total by the body corporate. Both Unit 1A and 1B will be sold combined. Unit 1A measures approximately 235 m² and is currently vacant. It comprises of an exclusive and upmarket retail ground floor with rear drywall portioned offices, kitchenette and storeroom. The upper floor mezzanine level comprises of individual offices (drywall partitioned), an open plan office, lounge area (possible board room) and a kitchen. This unit has its own toilet. The Seller has allocated 2 of the 3 parking bays to this unit.

Unit 1B measures approximately 122 m² and is currently occupied by Court Order, a popular sneaker retailer. This unit comprises of the ground floor retail and mezzanine level office areas. This unit also has its own toilet and a parking bay is allocated to this unit by the Sellers. The units form part of the scheme known as SS “Royal Palm”, a sectionalised mixed-use building which is located within the Umhlanga/Gateway New Town Centre. “Royal Palms” is situated at 6 Palm Boulevard.
Royal Palm fronts onto the busy Palm Boulevard, a 'crescent-type' road running adjacent and along the eastern border of the Gateway Shopping Centre. The scheme is located near Fountain Circle and enjoys easy and direct access to Gateway as well as the adjacent developments.

Palm Boulevard links up with both, Medigate Road and Centenary Boulevard which in turn link up with Umhlanga Rocks Drive. Umhlanga Rocks Drive offers easy access down towards the M4 as well as easy access on to the N2 both via the M41 Umhlanga.
The local vicinity offers most modern-day amenities and public facilities with Umhlanga Rocks Drive providing access to most amenities. The subject development is located directly across from the Gateway Theatre of Shopping, and forms part of the Umhlanga/Gateway New Town Centre.

Viewing: Thursday 10 June 2021 from 2pm-4pm

Commercial Type:
Retail Space
Web Reference:
AUCT-001471
List price:
POA
Address:
Sections 1A & 1B SS Royal Palm, 6 Palm Boulevard,, Gateway, Umhlanga Rocks, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
23 June 2021 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 23 June 2021 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
071 383 1735
[email protected]


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