Highly Exposed Retail Investment Property

AUCT-001589 | SOLD

Highly Exposed Retail Investment Property

44 Buckingham Terrace, Westville, KwaZulu Natal

Highly Exposed Retail Investment Property. 44 Buckingham Terrace, Westville

Extent: ± 1 698 m² | GLA: ± 950 m² | GBA: ±1 000 m² | Strong tenants | Gross Annual Income (including recoveries): ± R1.1 Million | High exposure site | Massive retail potential


Primary Use:
This is a great opportunity for a commercial investor or an end user for retail space due to its prime positioning and good exposure. The property is a prime site with high visibility in the thriving retail hub of Westville, with a convenient offering that contributes to the consumer lifestyle in the area. The property is currently fully-tenanted on a month-to-month basis with a gross annual income in excess of R1.3 million. The property offers an abundance of parking for customers, directly in front of the building, which enjoys excellent frontage for good branding opportunities.

Locality:
This retail centre has a strategic position in the heart of Westville, and enjoys excellent exposure to King Cetshwayo Highway. Set between Pinetown and Sherwood, Westville is conveniently located to allow easy access to the main highways leading to the Durban City Centre as well as the north and south coast. Westville is only a 15-minute drive from Durban and approximately 30-minute drive from the King Shaka International Airport.

Westville is a popular family suburb and the neighbourhood comprises middle to upmarket free-standing homes and complexes. The development of office parks in Westville and the presence of large companies in the area, has contributed to the suburb’s live, work, play lifestyle. The area contains all necessary modern amenities, with three shopping malls namely the Village Market, Westville Mall and the Westville Centre within a two-kilometer radius. The Pavilion Shopping Centre, Westville Hospital and the Westville Country Club are also located within close proximity.

Commercial Type:
Retail Space
Web Reference:
AUCT-001589
Final price:
POA
Address:
44 Buckingham Terrace, Westville, KwaZulu Natal

Bidding opens in


Auction Date: No Date Set For this Auction


Luke Hearn
                                                         In2assets Representative

Property Agent


Luke Hearn
Show number
[email protected]


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