AUCT-002096 | On Auction

Mixed-Use Commercial Investment Property

418 Randles Road, Sydenham, eThekwini Metropolitan Municipality, KwaZulu-Natal

Mixed-Use Commercial Investment Property. 418 Randles Road, Sydenham

GBA: ± 1 850 m² | Gross Annual Income: ± R1.1 Million | Ground Floor Retail, First Floor Offices & Retail, 4 Residential Flats, 7 Secured parking bays | 5 Storey building | High exposure – Positioned opposite SPARKPORT Pharmacy

This mixed use commercial property is positioned in an area with a diverse community and various other commercial and residential developments. The property is positioned across the popular Sparkport Pharmacy who have chain stores across the country. The retail premises of the property is occupied by a well-known and established tenant, Sydenham Pharmacy. The property has potential to be used as fully residential, offices or even as a one stop food outlet centre (to name a few), which is permitted by the current zoning.

The property comprises of a 5 storey building that obtains pedestrian access from Randles Road and vehicular access from the rear of the property into a secured parking area.

The ground floor comprises of a retail section occupied by Sydenham Pharmacy. This retail shop further consists of drywall partitioned offices, consultation rooms and a private clinic at the rear.

The first floor consists of 5 shops or offices, all with high glass windows enjoying excellent exposure to both Randles Road and the side road. Tenants ablution facilities and a caretakers room are also positioned on this level.

The second floor consists of the parking garage for 7 motor vehicles, accessed via an automated gate.

The third an fourth floor comprises of 4 two bedroom flats in total.

The property is subject to a road servitude as per the SG Diagram.

It should be noted that all movable assets within the property do not form part of the sale and are specifically excluded form the sale of the property.
Sydenham is approximately 3 kilometres north west of the Durban's Central Business District. Surrounding suburbs include Overport, Brickfield, Sherwood and Springfield. The property enjoys good exposure to high volumes of passing pedestrian and vehicular traffic from Randles Road and is positioned 50m away from the busiest intersection within the Sydenham / Overport suburb. The N3 National Freeway is approximately 1.2 km south of the property.

The immediate neighbourhood is predominantly made up of commercial properties, middle to upmarket residential dwellings and blocks of flats. This specific node is a bustling commercial district of the Sydenham and Overport areas with the newly revamped Overport Centre, the new “Spark Shopping Centre” and Westwood Mall Shopping Centre within close proximity.

418 Randles Road is viewed as a sought after address. It is in close proximity to all necessary amenities such as public transport facilities; schools; institutional centres; popular food outlets and entertainment facilities; retail and business enterprises; shopping centres, medical centres and the Nu-Shifa Hospital, Ahmed Al-Kadi Private Hospital, Parklands and McCord’s Hospitals are in close proximity.

Commercial Type:
Commercial Building
Web Reference:
List price:
418 Randles Road, Sydenham, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
26 October 2023 11:00 am

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

Bidding opens in

Auction Date: 26 October 2023 11:00:00am

Virend Deonarain
                                                         In2assets Representative

Property Agent

Virend Deonarain
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