± 1 100 m² Community Shopping Centre

AUCT-001607 | SOLD

± 1 100 m² Community Shopping Centre

29-47 Shortbridge Place, Stonebridge, Phoenix, KwaZulu Natal

± 1 100 m² Community Shopping Centre. 29-47 Shortbridge Place, Stonebridge, Phoenix

GLA: ± 1 100 m² | Gross Annual Income: ± R1.2 Million | Fully tenanted | 10 Shops within a double storey building | Ample on-site parking - municipal land


This community shopping centre provides a symbiotic relationship with the community by contributing to its profitability. It is over 34 years old and caters for the immediate and distant communities of the Phoenix Township providing a destination that appeals to the broader community and large catchment. The location is convenient providing essential and non-essentials, with not being far from home. Property companies and owners look for this type of properties to ensure they have fully capitalized on the potential.

Throughout the township of Phoenix, many small businesses and companies operate from residential dwellings, garages and outbuildings illegally (with no consent from the Municipality). This disrupts the logistics for the consumers. As such this property provides the opportunity as a one stop shop for consumers. The property also boasts a location which is close to the main hospitals of Phoenix and as such would work perfect as a medical centre.

The property comprises of a double storey building with retail, factory and office components. The ground floor comprises of 6 shops and the upper floor with the factory and office components. In total the property accommodates 10 tenants currently and each occupied premises is designed tastefully reflecting the organizations approach which integrates with the needs of their clients. All components include ablution facilities and a kitchenette at the rear. It should be noted that the ablution facilities were recently re-tiled and the roof re-done as well.

Parking is available on Municipal land positioned at the front and rear of the property, accessible at a first come first use basis. It should be noted that all movable items, some of which include stock, equipment, appliances, furniture, shelving, CCTV cameras and alarm systems belong to the tenants and are specifically excluded from the sale of the property.

Stonebridge is positioned on the outskirts of the Phoenix Township, between the suburbs of Phoenix Industrial Park and Mount Edgecombe. There are very few community shopping centres located in a 5km radius and as such residential homes have been converted to accommodate small businesses and retailers which serve the community.

This shopping centre known as Broadway Centre is positioned opposite the Stonebridge Community Hall, next door to the Stonebridge Municipal Library and within a short driving distance from the Mount Edgecombe and Mahatma Ghandi Hospitals.

Shortbridge Drive is accessed from the main road Stonebridge Drive via Arch Road and Cardinal Road. Stonebridge Drive (Main Road) carries traffics to and from the Phoenix Highway and the R102 (Old North Coast) Main Road. The Phoenix Highway and the R102 Main Road are the key entry access roads into Phoenix, Cornubia, Mount Edgecombe, Kwa Mashu, North Coast Road precinct and Umhlanga townships. This in turn provides suppliers and consumers easy and quick access in and out of the suburb.

All necessary amenities such as medical services, police, schools, community halls and public facilities are available in the area.

Commercial Type:
Retail Space
Web Reference:
AUCT-001607
Final price:
POA
Address:
29-47 Shortbridge Place, Stonebridge, Phoenix, 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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