AUCT-002207 | On Auction

End-User/Investment Retail Property in Pinetown CBD

39 Josiah Gumede (Old Main) Road, Pinetown, eThekwini Metropolitan Municipality, KwaZulu-Natal

End-User/Investment Retail Property in Pinetown CBD. 39 Josiah Gumede (Old Main) Road, Pinetown

Extent: ± 1 766 m² | GBA: ± 1 311 m² | Front retail area with rear warehouse | 1 x A-Grade offices on 1st floor | Rear yard | Parking area | Tenanted | 1 Year lease | Gross Annual Income: ± R2.46 Million

This standalone retail property in Pinetown presents a lucrative investment opportunity within a vibrant commercial hub. Here are the key highlights and advantages of the property:

Strategic Location: Situated on Josiah Gumede (Old Main) Road with its rear boundary along Union Lane, the property enjoys prime frontage in a highly visible and accessible location. Its positioning between two roads provides excellent accessibility and receiving options, enhancing its appeal to both tenants and customers.

Improvements: The property features a main building with a front retail section leading to a warehouse with double volume height at the rear, offering flexibility for various commercial purposes. Additionally, offices and ablution facilities further complement the functionality of the space.

Tenant Stability: Currently leased to a prominent paint retailer on a 1-year lease with an option to renew for a further 2 years, the property offers immediate rental income and potential for longer-term occupancy, ensuring stability for investors.

Convenient Access: With direct vehicular and pedestrian access from Josiah Gumede Road and easy connectivity to surrounding freeways such as the M7, M13, and M19, the property is easily accessible to both local and regional traffic, maximizing its potential customer base.

Proximity to Amenities: Positioned within walking distance to essential amenities including the Pinetown Taxi Rank, major supermarkets like BOXER and Jwayelani, and other local businesses, the property benefits from high foot traffic and exposure to a diverse consumer demographic.

Surrounding Infrastructure: The surrounding area features a mix of high-rise buildings comprising retail, residential flats, and offices, indicating a bustling and dynamic neighborhood. Close proximity to shopping centers like St Johns Checkers Centre and Pine Crest, as well as healthcare facilities like Crompton Hospital, further enhances the property's attractiveness.

Government Institutions: Various government departments and institutions such as the Pinetown Magistrates Court, Department of Home Affairs, and SARS are positioned within walking distance, adding to the property's significance and appeal as a commercial investment.

Overall, this retail property offers investors a strategic location, versatile infrastructure, and stable tenancy, making it an ideal opportunity for those seeking to capitalize on the bustling commercial activity in the area.

Commercial Type:
Retail Space
Web Reference:
List price:
39 Josiah Gumede (Old Main) Road, Pinetown, 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

Muhammad Ali
                                                         In2assets Representative

Property Agent

Muhammad Ali
Show number

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