Extent: ± 7 607 m² | Well managed shopping centre with medical suites and offices | Gross Annual Income: ± R9.9 Million (including recoveries and parking) | Exceptional investment opportunity
The Union Main Centre in Pinetown presents an exceptional investment opportunity within a bustling commercial hub. Here's a summary of the key features and advantages of the property:
Prime Location: Situated in the heart of the Pinetown CBD on Josiah Gumede Road with direct access from both vehicular and pedestrian traffic. The property enjoys easy accessibility from major freeways such as the M7, M13, and M19, enhancing its connectivity to the broader region.
Diverse Tenant Mix: Union Main Centre boasts a diverse range of tenants including prominent entities like SARS, Standard Bank, and Alpha Pharm, ensuring stability and reliability in rental income. Additionally, the presence of office spaces and dedicated medical suites further adds to the property's appeal.
Minimal Vacancies: With a diverse tenant mix and strategic location, Union Main Centre experiences minimal vacancies, ensuring consistent revenue streams for investors.
Income Generation: The property features ample paid parking facilities, which not only enhances convenience for visitors but also serves as an additional revenue source, contributing to the overall income generated by the centre.
Proximity to Amenities: Positioned within walking distance to essential amenities such as the Pinetown Taxi Rank, major supermarkets like BOXER and Jwayelani, and local butcher shops, Union Main Centre benefits from high foot traffic and exposure to a wide consumer base.
Surrounding Infrastructure: The surrounding area comprises high-rise buildings with a mix of retail, residential, and office spaces, indicating a vibrant and dynamic neighbourhood. Additionally, the proximity to shopping centres like St Johns Checkers Centre and Pine Crest, as well as healthcare facilities like Crompton Hospital, further enhances the property's appeal.
Government Institutions: The presence of various government departments within walking distance, including the Pinetown Magistrates Court, Department of Home Affairs, and SARS, adds to the property's significance and potential as a commercial investment.
Overall, Union Main Centre offers investors an attractive opportunity to acquire a well-established shopping centre with stable rental income, strategic positioning, and potential for further growth within the thriving business hub of Pinetown.
