AUCT-002270 | SOLD

Retail Unit in Pinetown

Until Our Next Auction
23 July 2024 | 11:00:00 am

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    2024-07-23 11:00:00
    Retail Unit in Pinetown

    LIQUIDATION SALE: Retail Unit in Pinetown. Sections 6 & 7 SS Ovron Court, 121 Crompton Street, Pinetown

    Matter: Lusizo IT Solution CC (In Liquidation) | Master's Reference No.: D000004/2024| Extent: ± 157 m² | Well located along Crompton Street | High levels of passing trade | High exposure property | Ample parking | Vacant occupation

    Pinetown, KwaZulu-Natal


    In2assets presents an opportunity to acquire high exposure retail space within the thriving Pinetown CBD , strategically located at 121 Crompton Street. This extraordinary property offers 2 sections offering a combined GLA of ± 157 m²

    Location:
    This retail unit occupies a highly visible site on Crompton Street on the fringe of the Pinetown CBD. The positioning is exposed to high volumes of vehicular traffic on a dual way street. The property lies in close proximity to the St Johns Checkers Centre, the Pine Crest Shopping Centre, Knowles Spar and 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 in close proximity to the property. The immediate area and surrounding properties consist of a mix of retail, residential, business and commercial properties. All modern-day amenities are found in the immediate area.

    Access:
    The property is easily accessed from surrounding freeways such as the M7, M13 and the M19. Crompton Street is the main road that runs through Pinetown from the industrial node in the north to the residential areas to the south of the property.

    Improvements:
    These retail units form part of a Sectional Title Scheme and boasts great frontage with endless potential for your business location. The 2 units feature a combined ±157m² of prime retail space which had previously been home to Gelmar for many years and offers excellent advertising opportunity.

    The air-conditioned, tiled shop is made up of 2 sections which have been converted into one shop. The property has an office / storeroom area, as well as a kitchen and an ablution area.

    The property also boasts an easily accessible parking area outside the shop which offers 10 allocated parking bays for both units. There are 2 additional parking bays and a garage to the rear of the property, which is also allocated to these units.
    This is a fantastic trading position and would suit a variety of retail uses.
    Commercial Type:
    Retail Space
    Web Reference:
    AUCT-002270
    Final price:
    POA
    Address:
    Sections 6 & 7 SS Ovron Court, 121 Crompton Street, Pinetown, 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:
    R50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

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    Property Agent
    Muhammad Ali
                                        In2assets Representative

    Muhammad Ali

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    alim@in2assets.com

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