AUCT-001892 | On Auction

Tenanted Commercial Unit in Umhlanga

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    2023-03-16 11:00:00
    Tenanted Commercial Unit in Umhlanga

    Tenanted Commercial Unit. Sections 1-4 Crystal Rock, 16 Solstice Road, Umhlanga Newtown Centre

    Total Extent: ± 960 m² | 26 Parking bays | Fully Tenanted | Gross Annual Income: ± R 3.3 Million

    Umhlanga, KwaZulu-Natal


    These four sections are set on the ground floor of a scheme known as Crystal Rock. The scheme consists of A grade office’s, residential apartments and recognised retail sections in the Umhlanga New Town Centre. This scheme occupies two road frontages being Zenith Drive and Solstice Road. The scheme is positioned within the Umhlanga New Town Centre in walking distance to the Gateway Theatre of Shopping.

    The sections offer a combined extent of 960 m² and have the use of 26 parking bays. The units are currently tenanted by one tenant and generates a gross annual income of ± R 3 384 000.00. The Umhlanga Ridge New Town Centre offers advantages of location which are unique to South Africa. It is a bustling business environment, 15 minutes north of the Durban Central Business Centre and the Durban Harbour. The location enjoys easy access onto a network of major roads, and approximately 25km from the King Shaka International Airport.

    Umhlanga has become one of South Africa’s most important economic hubs. Investor confidence in Umhlanga is evident, with new and current developments totalling a conservative R50 billion. It is home to the first corporate office park in the Kwa-Zulu Natal province, being the La Lucia Ridge Office Estate which includes a number of national corporate head offices amongst many other multinational corporations in the legal, financial and engineering fields.

    The immediate area to the section on auction has seen major residential and commercial developments being completed in the recent months, with many more at developing stages. This area has already been regarded as a city of its own.

    This prime retail or office section is positioned within the sought-after Umhlanga New Town Centre. Due to the new developments offering residential, commercial, hospitality and retail accommodation within the area, Umhlanga New Town Centre has placed not only Umhlanga Rocks Township but also Kwa Zulu Natal on an international level. Umhlanga New Town Centre is a prosperous node close to the Gateway Theatre of Shopping with opulent buildings such as Zenith, offering classy restaurants, blue chip businesses, lavish residential apartments and accommodation.
    Commercial Type:
    Office Space
    Web Reference:
    AUCT-001892
    List price:
    POA
    Address:
    Sections 1-4 Crystal Rock, 16 Solstice Road, Umhlanga, eThekwini Metropolitan Municipality, KwaZulu-Natal
    Auction Venue:
    Mount Edgecombe Country Club
    Mount Edgecombe
    Durban
    KwaZulu Natal
    Auction Date:
    16 March 2023 11:00 am



    Auctioneer:
    Auction Terms and Conditions:
    R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

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