5 250 m² 3 Storey Vacant Commercial Building

AUCT-001560 | On Auction

5 250 m² 3 Storey Vacant Commercial Building

62 First Avenue, Umgeni, Durban, KwaZulu Natal

OPENING BID: 15 Million, 5 250 m² 3 Storey Vacant Commercial Building. 62 First Avenue, Umgeni, Durban

Extent: ± 1 644 m² | GBA ± 5 250 m² (including rooftop parking of ± 1 644 m²) | Ramp Access to all floors | Easy Access of Umgeni Road (R102) | Sold with vacant occupation


This property is located in the popular Greyville area in close proximity to the Greyville Racecourse, Durban CBD as well as the residential areas of Berea. The property is located on a main taxi route and enjoys exceptionally easy access off Umgeni Road (R102). The access to public transport is very good with the train station being a 5 minute walk away, It is also close to city view shopping centre.

The property comprises of a three-story building situated on a corner site with 3 road frontages, being First Avenue, New Market Street and May Street. The building is serviced by a vehicle access ramp to all three floors. The ground floor is made up of showroom/retail area with glass frontage on to the road with excellent exposure. A mezzanine level that hosts a suite of offices also forms part of the ground floor.

The first floor consists of an open workshop/warehouse area. The 2nd floor makes up the open roof top parking area that can accommodate approximately 60 vehicles.

This property would be well suited for a Motor Dealership, Cash and Carry and various other retail or industrial activities. The property will be sold with vacant occupation

Commercial Type:
Commercial Building
Web Reference:
AUCT-001560
List price:
POA
Address:
62 First Avenue, Umgeni, 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


Muhammad Ali
                                                         In2assets Representative

Property Agent


Muhammad Ali
Show number
[email protected]


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