AUCT-002245 | On Auction

Mixed Use Commercial Property In Pinetown CBD

28 Hill Street, Pinetown CBD, eThekwini Metropolitan Municipality, KwaZulu-Natal

Mixed Use Commercial Property In Pinetown CBD. 28 Hill Street, Pinetown CBD

GBA: ± 5 080 m² | Basement: ± 1 100 m² | Ground Floor: ± 2 360 m² | First Floor: ± 1 600 m² | Ideal for residential conversion | Additional bulk for re-development | Positioned 500m from taxi rank within heart of Pinetown CBD | 2 Road frontages


This commercial property positioned in the heart of the Pinetown CBD has endless potential, with retail shops fronting onto the busy Hill Street, workshops, basement parking and accommodation on both levels, the property provides mixed uses. Further to this the property has available bulk further development however approvals and consents must be obtained for any further development.

The retail component consists of 7 shops of which 4 are separated by drywalls which makes it attractive for the 4 shops to be used into one huge retail outlet. An arcade runs form Hill Street all the way to Chapel Street which currently comprises of over 37 smaller retail shops. Tenants range from a salon and hairdresser, beauticians, food outlets, clothing retailers, laundry, tailors, funeral service retailers and kiosks etc.

Access from Chapel Street via a stairway leads to the Stay In Lodge, which consists of 21 rooms, all drywall partitioned and share communal bathrooms.
The upper floor has a large open slabbed roof for further development. At 1 boundary, this floor is improved with various offices/classrooms and a reception area. The upper floor rear boundary comprises of various drywall partitioned rooms, which was previously used as accommodation. At one area of the slabbed roof, the property consists of the lift maintenance room and cooling towers room.

The basement level is accessed via a ramp off Chapel Street which is currently being used as car workshops. Fronting onto Chapel Street, there are various smaller workshops.

The property has 2 lifts which are currently de-commissioned. The sprinkler systems and ducted air-conditioning systems have also been de-commissioned.
It should be noted that no movable assets will form part of the sale of the property. All alarm systems, sensor beams, furniture, desks, chairs, counters, stock, machinery, equipment and vehicles belong to the tenants and are specifically excluded from the sale of the property.

This property is positioned within the heart of the Pinetown CBD, bound by Hill Street and Chapel Street. Vehicular access is obtained from Chapel Street and pedestrian access from both Hill Street and Chapel Street. The property is easily accessed from surrounding freeways such as the M7, M13 and the M19.

This location is exposed to the mass market due to the proximity to various public transport networks. The property lies in close proximity to the St Johns Centre, the Pine Crest Shopping Centre, Knowles SPAR and the Crompton Hospital. Various government departments such as the Pinetown Magistrates Court, Department of Home Affairs, Department of Labour, Department of Education, SARS and the Pinetown Civic Centre are positioned within walking distance from the property.

The immediate area and surrounding properties consist of high-rise buildings comprising retail on the ground floor and residential flats and offices on the upper floors.

Commercial Type:
Commercial Building
Web Reference:
AUCT-002245
List price:
POA
Address:
28 Hill Street, Pinetown CBD, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
23 July 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: 23 July 2024 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
vdeonarain@in2assets.com


Contact Us!



 * I agree to the In2assets Privacy Policy
 Add me to the mailing list & WhatsApp to receive the latest property listings.