AUCT-002264 | SOLD

Versatile Frontline Property

Until Our Next Auction

  • How we Work
    2024-07-23 11:00:00
    Versatile Frontline Property

    OPENING BID: R2.2 MILLION - High Exposure Property in Pinetown Industrial Node. 34 Henry Pennington (Richmond) Road, Pinetown

    Extent: ± 1 349 m² | GBA: ± 344 m² | Vacant occupation | Ideally located for an end-user | ± 500m from the University of KwaZulu-Natal Edgewood Campus | Across the road from Pinetown Industrial Precinct

    Ashley, KwaZulu-Natal


    Key aspects:
    The main house consists of 5 bedrooms (with built in cupboards), 2 kitchens, 4 bathrooms, satellite antenna and 2 geysers. It should be noted that the copper pipes have been removed. The property has a pool which is currently not in use. The property further comprises of a double storey improvement. The ground floor has been converted from a garage to accommodation with 2 bedrooms, 2 bathrooms and a kitchen. The upper floor has been converted from previous office space into accommodation. Dry wall has been implemented to divide the sections and the floors are tiled. There is a total of 3 bedrooms, 1 bathroom and 1 kitchen on the upper floor. Additionally, there is a 1 bedroom , 1 bathroom dwelling on the property.

    Location:
    This property is located at 34 Henry Pennington Road, previously known as Richmond Road, and positioned approximately ± 500 m from the University of KwaZulu-Natal Edgewood Campus. Across the road from the property are major industrial precincts being Westmead and Alexandra Industrial. Access to the property is off the Henry Pennington (Richmond) Road / M1 Main Road, a busy arterial road that runs through Pinetown’s Industrial nodes. The property has excellent exposure. The M13 Highway as well as the N3 Freeway are easily accessible which provides greater access to various public transport systems.

    Zoning:
    Versatile usage options make it perfect for a wide range of business activities, from retail stores to office spaces, lively entertainment venues, cozy restaurants, and student accommodation.

    Amenities:
    Amenities include Schools, Universities, Sports grounds, and a variety of public transport systems.

    Yard area:
    The property offers approximately 900 m² of paved open space ideal for storage/parking of vehicles, equipment, or materials.

    Tenancy:
    The property is currently vacant.

    Conclusion:
    Pinetown’s reputation as a stable and thriving industrial economic powerhouse continues to attract intelligent business conscious entrepreneurs. It is home to all walks of life, from universities and schools to commercial and industrial ventures. It is very rare to find a property in such close proximity to all these amenities. With an opportunistic vision, this property has the potential to provide passive income from a steady stream of students and workers in a thriving industrial precinct.
    Commercial Type:
    Commercial Building
    Web Reference:
    AUCT-002264
    Final price:
    POA
    Address:
    34 Henry Pennington (Richmond) Road, Ashley, 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

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    David Hudson
                                        In2assets Representative

    David Hudson

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