AUCT-002236 | On Auction

Mixed Use Commercial Property Positioned Adjacent To Oribi Plaza Shopping Centre

1451 Princess Elizabeth Drive, Port Shepstone, Ugu District Municipality, KwaZulu-Natal

Mixed Use Commercial Property Positioned Adjacent To Oribi Plaza Shopping Centre. 1451 Princess Elizabeth Drive, Port Shepstone

7 Sectional Title Units: ± 1 205 m² (Combined Extent) | Positioned within Port Shepstone Commercial hub and walking distance from CBD | Sea Views – located 250m from sea | Property 1: 4 Units with combined extent of ± 668 m² | Gross Annual Income: ± R834K | Potential Fully Tenanted: ± R984K | Property 2: 1 Unit (Section 4): ± 106 m² | Gross Annual Income: ± R127K | Property 3: 2 Units with combined extent of ± 431 m² | Gross Annual Income: ± R431K


SS Reefview House in Port Shepstone is more than just office spaces, they are meticulously designed to offer inspiring and efficient workspaces combining modern amenities with the serene beauty of the coastal landscape. Situated adjacent to the bustling Oribi Plaza, this office block stands as a pinnacle of modernity offering premier workspaces for businesses and professionals. The office spaces within this block are designed to accommodate a variety of business needs, from private executive offices to open plan work stations and collaborative areas. Both floors are thoughtfully laid out to maximize space and functionality with flexible configurations that can be customized to suit any type of operational requirements. Currently, each unit within the block are carefully designed which meets the requirements of the tenants operations.

The property is secure with electric fencing and a concrete wall on one side where there is a generator positioned. It should be noted that the generator on site does not form part of the sale and is specifically excluded from the sale of the property. At the rear of the property is a concrete wall fence.

Sections 1, 6 & 7 are positioned on the ground floor and Sections 2, 3, 4 and 5 are positioned on the first floor, which each section consisting of open plan and individual offices, majority of which are drywall partitioned. Each section further comprises of ablution facilities and a kitchenette. Ducted air-conditioning as well as split unit air-conditioners are in place. Majority of the offices are carpeted with fire extinguishers and fire hoses located at convenient points.

It should be noted that all the movable assets within the office block, some of which include the inverters, alarm systems, intercom systems, furniture, equipment, stock and counters/shelves belong to the tenants and do not form part of the sale and are specifically excluded from the sale of the property.

It should be further noted that there are 19 parking bays positioned on Municipal land in front of the office block. This land has been paved and landscaped by the sellers however it should be noted that this parking area (Municipal land) does not form part of the sale and is specifically excluded from the sale of the property. We are still to confirm if there is a lease agreement between the Seller and the Municipality to utilize this land/parking area.

This mixed use commercial property is situated at 1451 Princess Elizabeth Drive at the entrance of the Port Shepstone CBD. The property occupies a prime position situated adjacent to the Oribi Plaza Shopping Mall, next door to the South Coast Herald Building and opposite a Supa Quick franchise. The property is positioned a mere 150m away from the sea and the Port Shepstone Lighthouse.

The property is accessed via a slip road known as Sinclair Road off the R102 Main Road, which links to Princess Elizabeth Drive. This slip road (Sinclair Road) provides access to the Oribi Plaza Shopping Mall.

The Port Shepstone Central Business District (CBD) positioned opposite, is the commercial and administrative heart of Port Shepstone, a town located on the south coast of KwaZulu-Natal province in South Africa. As with many CBDs, it serves as a hub for various businesses, government offices, financial institutions, retail shops, and other commercial establishments.

Overall, the Port Shepstone Central Business District serves as a dynamic and multifaceted area that reflects the economic, social, and cultural life of the town. It is essential for residents' daily activities and contributes significantly to the town's identity and prosperity.

All modern day amenities can be found within the Oribi Plaza Shopping Mall.

Commercial Type:
Mixed use Commercial
Web Reference:
AUCT-002236
List price:
POA
Address:
1451 Princess Elizabeth Drive, Port Shepstone, Ugu District Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
20 June 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: 20 June 2024 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
vdeonarain@in2assets.com


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