Extent: ± 1 617 m² | GLA: ± 1 070 m² | 5 Frontline Retail Units | 1 Restaurant | Fully tenanted | Gross Annual Income: ± R1.9 Million
This property is positioned within the heart of the Pinetown CBD on Stanfield Lane, bound by Josiah Gumede Road, Anderson Road, and Moodie Street. Vehicular and pedestrian access is obtained from Stanfield Lane. The property is easily accessed from surrounding Freeways such as the M7, M13 and the M19.
The property is positioned within walking distance to the Pinetown Taxi Rank, BOXER Superstores, Jwayelani Supermarket and Chester Butcheries. This location is exposed to the mass market due to its proximity to various other public transport networks.
This property comprises of 5 frontline retail stores that range in sizes from 120 to 130 m² each. The businesses occupying the stores consist of superettes, a salon and outfitters.
In addition, the property also consists of a fully equipped restaurant / bar trading as the Rainbow Restaurant. This restaurant is approximately 430 m² and comprises of a front eating area and a commercial grade kitchen at the rear as well as an undercover eating area located on the exterior at the rear boundary of the property.
The property is presently tenanted and generates a gross annual income of ± R 1.9 Million.
The immediate area and surrounding properties consist of high-rise buildings comprising retail on the ground floor and residential flats and offices on the upper floors. The property lies in close proximity to the St Johns
Checkers Centre, the Pine Crest Shopping Centre, Knowles SPAR and the Crompton Hospital. Various government departments such as the Pinetown Magistrates Court, Department of Home Affairs, Department of Labour, Department of Education, SARS and the Pinetown Civic Centre are positioned within walking distance from the property.
