AUCT-002198 | SOLD

Retail Centre In Howick – Spar Anchor Tenant

13-15 Zeederberg Road, Merrivale, uMgungundlovu District Municipality, KwaZulu-Natal

Retail Centre In Howick – Spar Anchor Tenant. 13-15 Zeederberg Road, Merrivale, Howick (Merrivale Super SPAR Centre)

Site Extent: ± 8 180 m² | GLA: ± 4 050 m² | Gross Annual Income: ± R5.1 Million | Anchor Tenant - Head Office Spar Lease – 7 Years Lease Remaining | High exposure | Ample on-site parking

Key Features
The Merrivale SuperSPAR Shopping Centre lies a beacon of convenience and community. The Shopping Centre boasts a range of amenities designed to enhance your shopping experience. From convenient parking facilities to on-site dining options, every detail has been carefully considered to ensure convenience. The storefront adorned with the iconic SPAR logo and a remarkable 7 years remaining on the lease makes this shopping centre an instant landmark, drawing shoppers from far and wide and also enhancing the appeal of the centre. As you step into this retail haven, ones senses are immediately captivated by the kaleidoscope of various other retail shops that are offered with SPARS 7 year remaining of the lease as a shining thread.

Nestled amidst the picturesque landscapes of Merrivale, with rolling hills as its backdrop and lush greenery as its canvas, lies the Merrivale Shopping Centre—a true gem in the heart of this idyllic town. Most impressive of all is the proximity of the N3 freeway, which lies just a stone's throw away from the shopping centre's doorstep. This strategic location ensures that visitors can easily access the centre from near and far, whether they're coming from the nearby town of Howick or traveling from as far afield as Durban or Johannesburg. This retail haven offers unparalleled accessibility without sacrificing the serene ambiance that defines Merrivale.

Property Description
At the heart of the shopping centre lies the crown jewel itself—the Merrivale Super SPAR. This centre is a vibrant hub of retail activity, boasting an array of specialty shops and boutiques. With ample parking and easy access from the nearby N3 freeway, the centre is a destination that's as convenient as it is charming.

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 7-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 offering investors a unique blend of commercial components.

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

Ample Parking
A meticulously designed open and undercover parking facility stands as the cornerstone of convenience for both the bustling SPAR retailer and the other retail shops. 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 7-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 the SPAR retailer remains a steadfast ally, committed to serving the needs of its patrons and enriching the lives of all who call remarkable destination home. With the esteemed SPAR retailer at its core it is surrounded by a diverse array of shops and other commercial businesses.

Merrivale’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 other retailers / commercial tenants 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:
Retail Space
Web Reference:
Final price:
13-15 Zeederberg Road, Merrivale, uMgungundlovu District 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
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