AUCT-002130 | On Auction

Prime Retail Property in Umgeni Business Park

66 Intersite Avenue, Umgeni Business Park, eThekwini Metropolitan Municipality, KwaZulu-Natal

Prime Retail Property in Umgeni Business Park. 66 Intersite Avenue, Umgeni Business Park, Durban

Extent: ± 1595 m² | Ideal retail position | Lease Hold Property | ± 25 Years Remaining | ± 14 Onsite parking bays | High passing trade


The property is situated within the Umgeni Business Park, a well-developed and popular commercial node just off Umgeni Road. It fronts onto Intersite Avenue, south of the Umgeni River.

Intersite Avenue is one road north and parallel to Umgeni Road, which provides direct access to the N2 Freeway to the west and to the Durban CBD to the east. This node is known as the Blue-Chip business hub. Developments found here re typically of a service retail and industrial nature but also include high grade offices.

This is a leasehold property, with ± 25 years remaining on the Head lease.

The double volume industrial warehouse has been reconfigured and upgraded to suit the needs of the current tenant. The property has A-grade finishes and is currently being utilized as a retail outlet for a furniture chain store. The front half of the building offers a first floor which comprises multiple rooms created with drywall partitioning. These rooms are utilised as show room spaces for bedroom furniture.
The ground floor comprises an open retail area serviced with 2 individual offices, a kitchenette and ablution facilities.

The property is accessed easily from Intersite Avenue and offers a fully tarres yard area with ± 14 onsite parking. The property also boasts a roller door along the side of the building to accommodate deliveries.
The store is in immaculate condition and poses a great investment opportunity in a hugely sought-after location. The area is home to numerous blue-chip companies.

The node is mainly characterised by established tenants and/or owner occupiers as well as being in close proximity to the popular Springfield Value Centre and Makro Shopping Centre.

The N2/M19 Interchange upgrade has recently been completed and has since greatly aided in overall accessibility to the area and strengthened local links for commuters. Intersite Avenue is a prime road within the Umgeni Business Park which brings high levels of both vehicular passing trade and destination clientele.

The local vicinity offers modern day amenities and public facilities with Umgeni Road providing access to any amenities that may not be in the immediate location. The area is fully serviced.

Commercial Type:
Retail Space
Web Reference:
AUCT-002130
List price:
POA
Address:
66 Intersite Avenue, Umgeni Business Park, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
07 December 2023 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required

Bidding opens in


Auction Date: 07 December 2023 11:00:00am


Luke Hearn
                                                         In2assets Representative

Property Agent


Luke Hearn
Show number
lukeh@in2assets.com


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