AUCT-002197 | SOLD

Dynamic Retail Center With Bespoke Apartments

117-123 Kingsway Road, Warner Beach, eThekwini Metropolitan Municipality, KwaZulu-Natal

Dynamic Retail Center With Bespoke Apartments. 117-123 Kingsway Road, Warner Beach, Kingsburgh (Victory Kwikspar)

Site Extent: ± 4 165 m² | GLA: ± 1 660 m² (Retail) & ± 385 m² (Residential) | Gross Annual Income: ± R2.85 Million | KWIKSPAR Anchor Tenant / Franchisee Lease – 10 years lease remaining | 85 % Tenanted | High exposure | Ample on-site parking

This mixed use development within a desirable area provides an integrated hub, with a SPAR retailer, TOPS liquor store, food outlets and residential apartments with convenient access to the seaside, parks, outdoor activities and amenities.

Perched between the vibrant hubs of Durban and Amanzimtoti, along the picturesque coastline of KwaZulu-Natal, Warner Beach enjoys the best of both worlds - the cosmopolitan energy of the city and the laid-back charm of coastal living. Its strategic position offers residents and visitors alike seamless access to an array of urban amenities while providing a tranquil retreat away from the hustle and bustle. Warner Beach isn't just a destination; it's a lifestyle.

Property Description
This property presents a retail centre where convenience meets luxury, where every day needs intertwine with modern living, and where community thrives amidst a bustling urban landscape. Nestled within the heart of vibrant Warner Beach, stands a beacon of sophistication and style: a meticulously crafted destination that redefines the art of retail and residential synergy.

SPAR Building with TOPS Liquor Store
The property presents an investment opportunity that combines stability, growth potential, and the trusted reputation of a household name: the SPAR buildings with a remaining 10-year lease in place. With SPAR committed to this location for the long term, you can rest assured that your investment will continue to yield steady returns well into the future. This investment opportunity is unparalleled where commerce meets coastal luxury offering investors a unique blend of commercial success and residential allure in one breathtaking locale.

Other Retailers
Not only does this vibrant complex boasting the prestigious SPAR retailer but further consists of an eclectic array of boutique shops.

5 x Residential Apartments
Five distinct apartments intertwine seamlessly with a bustling SPAR supermarket building, creating a vibrant tapestry of luxury and practicality. This captivating enclave offers residents an unparalleled blend of coastal serenity and urban vitality, where every comfort and necessity is within reach. Apartments with private balconies provides a front-row seat to breathtaking sunsets over the shimmering waters.

Ample Parking
A meticulously designed parking facility stands as the cornerstone of convenience for both the bustling SPAR retailer and the five luxurious residential apartments. For residents of the apartments, assigned parking spots ensure peace of mind and convenience, with each flat benefiting from a designated space within the secure facility. For shoppers frequenting the SPAR retailer, dedicated parking spaces offer convenient access to the store entrance, allowing for seamless shopping experiences without the hassle of searching for parking. Reserved spaces for disabled drivers and parents with young children further underscore the commitment to inclusivity and customer satisfaction.

The location, size, layout, zoning regulations and a 10-year lease remaining, the SPAR retailer stands as a pillar of stability in an ever-changing world, its enduring presence a testament to its deep roots within the community. As Warner Beach continues to evolve and flourish, the SPAR retailer remains a steadfast ally, committed to serving the needs of its patrons and enriching the lives of all who call this vibrant coastal enclave home. With the esteemed SPAR retailer at its core it is surrounded by a diverse array of shops and luxurious flats.

Furthermore, Warner Beach's burgeoning economy and robust infrastructure provide a solid foundation for sustainable growth and development. As a burgeoning commercial hub, the area offers ample opportunities for entrepreneurship and investment, attracting businesses and residents seeking to capitalize on its dynamic market potential. The addition of a SPAR retailer and accompanying flats not only meets the needs of the existing community but also stimulates economic activity and job creation, further enhancing the area's prosperity.

Commercial Type:
Commercial Building
Web Reference:
Final price:
117-123 Kingsway Road, Warner Beach, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
25 April 2024 11:00 am

Andrew Miller
Auction Terms and Conditions:
R50,000.00 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

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