AUCT-001897 | On Auction

2 x Retail Units within The Umhlanga Gateway Precinct

Until Our Next Auction

2023-03-16 11:00:00
2 x Retail Units within The Umhlanga Gateway Precinct

2 x Retail Units within The Umhlanga Gateway Precinct. Units 62 & 64 SS The Palms, Protea Hotel, 14 Palm Boulevard, Gateway, Umhlanga

Unit 62 Extent: ± 60 m² | 1 x Secure parking bay | Sold vacant occupation | Unit 64 Extent: ± 28 m² | 1 x Secure parking bay | Sold vacant occupation

Umhlanga Rocks, KwaZulu-Natal


Positioned within a luxury 4-star hotel, the 2 ground floor units are regarded as a sought-after retail sections or destinations. Designer brands have become the new norm for luxury hotel boutiques, and this helps lure in the guests. Owning a retail section within a luxury hotel assists hotels which are constantly evolving to stay on the cutting edge of luxury.

With high glass windows the 2 modern, light and bright units are is impressive all around. Each section is regarded as an executive retail section with fixtures of the highest standards that will offer an end user or investor elegance to own a section that is exclusive with a contemporary style. Each unit is sold with a parking bay. The units can be sold individually or as a combined lot.

The units are set on the ground floor within a mixed-use scheme in the Gateway Precinct, known as The Palms. The Palms, also known as the Protea Fire & Ice Hotel by Marriott is positioned towards the eastern periphery of the Umhlanga New Town Centre opposite the Gateway Theatre of Shopping. The Umhlanga Ridge New Town Centre as well as the Gateway Precinct 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 with the new King Shaka International Airport approximately 15 minutes north.

The local vicinity is characterized by a mixture of upmarket retail uses and has many modern and new amenities nearby. It is a mixed-use node comprising of retail, office and residential uses.

The centre is surrounded by well-established residential and office nodes. The nucleus of this node is the Gateway Theatre of Shopping which offers all necessary modern amenities.

Umhlanga Rocks Drive is easily accessible and provides easy access to the M4 Highway to the east. The M41 is also easily accessed, which continues westwards to the N2 National Freeway. The area is conveniently positioned between the N2 National Freeway and the M4 Metropolitan Road. Umhlanga Rocks Drive and the M4 provide easy access to the city centre.
Commercial Type:
Retail Space
Web Reference:
AUCT-001897
List price:
POA
Address:
Units 62 & 64 SS The Palms, Protea Hotel, 14 Palm Boulevard, Gateway Precinct, Umhlanga Rocks, 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:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

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