± 6 700 m² Shopping Centre with Anchor Tenants A5 Cash & Carry and Supabets

AUCT-001547 | On Auction

± 6 700 m² Shopping Centre with Anchor Tenants A5 Cash & Carry and Supabets

23 Hill Street, Pinetown, Durban, KwaZulu Natal

PORTFOLIO DISPOSAL-DECEASED ESTATE : ± 6 700 m² Shopping Centre with Anchor Tenants A5 Cash & Carry and Supabets. 23 Hill Street, Pinetown, Durban

Gross Annual Income: ± R5.8 Million | Gross Lettable Area: ± 4 450 m² (Retail) | 40 Secure Parking Bays: 2 280 m² | Triple Storey Building | Positioned 300m away from the Pinetown Taxi Rank | Positioned opposite BOXER Cash & Carry and Jwayelani Butchery and Supermarket | Mass market exposure in the heart of Pinetown CBD


This triple storey commercial property with a penthouse on the roof top and secure parking on the second floor, is positioned in the heart of the Pinetown CBD, opposite Boxer and Jwayelani Supermarkets. Hill Street is one of the busiest streets within Pinetown CBD carrying a mass market of consumers and vendor stall owners. National tenants (various banks and supermarket chains) occupy buildings surrounding the property making this specific node a sought-after area. The property has 3 street frontages being Hill Street, Moodie Street and Dales Avenue.

The property currently accommodates approximately 15 tenants, of which SUPABETS (Sports Betting) and A5 Cash & Carry are the anchor tenants. The property is 90 % tenanted with the penthouse flat and one shop being part of the vacancies. The secure parking area is accessed via Dales Avenue through manned security. It comprises of 40 parking bays, plenty of storage rooms and workshops. This parking area is positioned on the second floor.

An arcade runs from Hill Street to Dales Avenue. Occupied retail shops have been designed to reflect the tenant’s organizations approach which integrates with the needs of their clients. The property is set on a level, rectangular site to the southern periphery of the Pinetown Central Business District. Pinetown forms part of the Inner West region of the eThekweni Municipality and is approximately 20 kilometres west of the Durban CBD and some 60 kilometres east of Pietermaritzburg. The immediate area comprises commercial properties of similar nature to the subject property which often comprise retail and office components. Crompton Street runs north & south and is the major route bisecting the city centre of Pinetown. It is a dual traffic carriage way and has high volumes of passing pedestrian and vehicular traffic.

Pinetown is ideally located and enjoys easy access to Durban Central as well as the Upper Highway area. Numerous good schools, popular shopping centres and public facilities are offered nearby. The neighbourhood offers affordable housing to first time home buyers, whilst also offering mixed use industrial activities in the surrounding suburbs of New Germany, Westmead and North Industria. The M19, M13 and N3 freeways are easily accessible.

Commercial Type:
Commercial Building
Web Reference:
AUCT-001547
List price:
POA
Address:
23 Hill Street, Pinetown, Durban, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
19 October 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 October 2021 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
[email protected]


Contact Us!



 * I agree to the In2assets Privacy Policy
 Add me to the mailing list & WhatsApp to receive the latest property listings.