AUCT-002182 | On Auction

Prime Property Alongside Bustling Highway

72 Capeford Crescent, Sunford, eThekwini Metropolitan Municipality, KwaZulu-Natal

Strategically Located Residential Units and Offices. 72 Capeford Crescent, Sunford, Phoenix

Site Extent: ± 680 m² | GBA: ± 565 m² | Positioned opposite Phoenix Plaza Shopping Centre & Police Station | Excellent signage exposure to Phoenix Highway | Currently used for residential and commercial purposes | Current Gross Annual Income: ± R270K | Potential Fully Tenanted: ± R370K


This property positioned alongside Phoenix Highway stands as a beacon of opportunity and diversity, blending seamlessly into the fabric of a vibrant and thriving community. Whether for business or residence, this property offers a gateway to a life of convenience, connectivity, and endless possibilities. Other neighbouring residence and commercial properties gracefully line the bustling highway commanding attention from countless passing commuters. This property enjoys proximity to major transport routes with a street frontage to Capeford Crescent.

The spaces within this muti-level property positioned in the heart of Phoenix are designed with both functionality and aesthetics in mind. Each of the 3 floors of the main building as well the double storey rear building is designed to accommodate a variety of businesses or residential tenants. With the capacity to accommodate 7 tenants comfortably, this property seamlessly integrates residential, commercial, and recreational spaces into one dynamic environment. The versatility of the drywall partitions allows for flexible configurations, creating inviting and inspiring spaces for living or working. Ample on site secure parking is meticulously designed to cater to the diverse needs of either residents and office tenants.

Your Highway Billboard Awaits. This property offers you a chance to imprint your brand. Imagine your logo soaring high above the bustling Phoenix highway, commanding the attention of the countless travellers with its bold colours and captivating design.

The property has a blend of residential and commercial tenants. There are 3 residential tenants and 2 commercial tenants within the property which currently generates a monthly income of R26 000. With a residential unit and a commercial office premises currently vacant, the property has the potential to generate a further monthly income of +/- R10 000.

Conveniently located with a myriad of amenities in the 2km radius, including the Phoenix Plaza Shopping Centre, dining establishments, and recreational facilities, this property offers the ultimate in convenience and connectivity.

Commercial Type:
Commercial Building
Web Reference:
AUCT-002182
List price:
POA
Address:
72 Capeford Crescent, Sunford, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
25 April 2024 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

Bidding opens in


Auction Date: 25 April 2024 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
vdeonarain@in2assets.com


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