Suburban Shopping Centre (Previous Ex Spar Supermarket Franchise)

AUCT-001605 | SOLD

Suburban Shopping Centre (Previous Ex Spar Supermarket Franchise)

41 Egret Crescent, Lotus Park, Isipingo, KwaZulu Natal

Suburban Shopping Centre (Ex Spar Supermarket Franchise). 41 Egret Crescent, Lotus Park, Isipingo

Gross Building Area: ± 4 300 m² | Partially tenanted – month to month leases | Ex SPAR retail space, storage space and despatch/goods receiving space | ± 16 Shops | Parking Bays: ± 138| Excellent position for a provincial or national retailer | Perfect as shopping centre to support immediate mass community


This property would suite provincial retailers such as Saverite, Check Star, Checkmart, Checkout, Check Save or even a national retailer such as Checkers Hyper, Pick n Pay or SPAR.

The property comprises of ground floor retail shops, mini warehousing and storage facilities. The first floor comprises of the existing SPAR retail area and its supporting departments as well as various smaller shops at the entrance of the first floor. The roof top is an open parking area that currently accommodates 2 tenants at the corners. There is potential for one to develop this property with additional floors, however all approvals and consents must be obtained from the Municipality. The ground floor comprises approximately 8 shops and the first floor approximately 8 more shops outside the large retail area.

This property can accommodate parking for over 138 motor vehicles.

There is 600 AMPS power supply to the property.

The property is located in the established residential community of the suburb of Lotus Park. Lotus Park forms part of the Isipingo Township. Isipingo remains a vibrant town conveniently located near the M4 and N2 Freeways with swift access to the Durban CBD. The area has a key railway, bus and taxi terminals linking the local neighbourhood and the Isipingo CBD as well as to the Durban CBD.

The property is positioned at the corner of Egret Crescent and Lotus Drive. Lotus Drive is the main road that runs through Lotus Park and provides access to various other branch roads. Isipingo also incorporates other residential suburbs of Isipingo Rail, Orient Hills, Malakazi Township, Isipingo Beach and industrial suburbs of Prospecton. The site is positioned approximately 20km south of Durban.

The industrial area of Prospecton separates the two main residential areas of Isipingo being, Isipingo Hills and the subject area being Lotus Park. Prospecton is positioned a ±5 minutes-drive away from the property. Toyota Manufacturing, South African Breweries, the Republican Press, Sapref Refinery, Shell Chemicals and Sasol Fibres are just some of the large-scale companies located in Prospecton. The closest shopping centre that serves all of the above residential areas as well as the subject suburb is positioned approximately a 15 minute-drive.

Viewing:
Thursday, 10th March 2022 from 1pm to 3pm
Wednesday, 16th March 2022, from 11am to 1pm

Commercial Type:
Retail Space
Web Reference:
AUCT-001605
Final price:
POA
Address:
41 Egret Crescent, Lotus Park, Isipingo, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country
Mount Edgecombe Country Club Estate
Mount Edgecombe
KwaZulu Natal
Auction Date:
23 March 2022 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: 23 March 2022 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
[email protected]


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