AUCT-002341 | On Auction

Retail Property in Tongaat CBD

9 Laura Street, oThongathi, eThekwini Metropolitan Municipality, KwaZulu-Natal

Retail Property in Tongaat CBD. 9 Laura Street, Tongaat CBD

Site Extent: ± 838 m² | GBA: ± 890 m² (Ground: ± 410 m² & First Floor: ± 480 m²) | Gross Annual Income: ± R2 Million | High trading area – positioned opposite taxi rank & 2 doors away from Check Mart and Bluff Meat Butcheries | Walking distance to the new oThongathi Mall | On-site parking available


Prime Retail Space In The Heart Of Tongaat Central Strategically Located With High Footfall

Features:
Spacious layout ideal for retail operations. Currently occupied by World Sport Betting, ensuring steady foot traffic. Prime position with high visibility from main thoroughfares. Well-maintained, ready for immediate occupation or customization.

Accessibility:
Directly opposite the Tongaat taxi rank, providing excellent public transport access. Just minutes away from Tongaat Mall, enhancing customer draw. Nearby public parking facilities for easy access.

Surrounding Area Description:
This property is nestled in the bustling heart of Tongaat Central, a vibrant commercial hub that caters to both locals and visitors. The surrounding area is a mix of retail outlets, service businesses, and food establishments, creating a dynamic and thriving environment. The close proximity to Tongaat Mall further enhances the appeal, offering a steady stream of potential customers. The nearby taxi rank ensures a constant flow of foot traffic, making this location ideal for retail businesses looking to capitalize on high visibility and accessibility.

Potential Uses:
Retail Store: Ideal for clothing, electronics, or specialty goods.
Food and Beverage: Perfect for a fast-food outlet, café, or takeaway.
Service-Oriented Business: Great for a salon, pharmacy, or financial services.
Entertainment: Potential to continue as a betting or gaming venue

Write-Up:
Currently occupied by World Sport Betting, this property offers an outstanding blend of visibility, accessibility, and foot traffic, making it an ideal location for a variety of retail and service-oriented businesses. Whether you’re looking to establish a retail store, a food and beverage outlet, or a service business, this prime location provides the perfect platform for success. With easy access to public transport, nearby parking, and a dynamic surrounding area, this property is poised to become a key player in Tongaat’s commercial landscape.

Commercial Type:
Retail Space
Web Reference:
AUCT-002341
List price:
POA
Address:
9 Laura Street, oThongathi, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
24 October 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: 24 October 2024 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
vdeonarain@in2assets.com


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