AUCT-002370 | On Auction

Retail Shopping Centre In Pinetown – Sandy Centre

174 Josiah Gumede (Old Main) Road, Cowies Hill, eThekwini Metropolitan Municipality, KwaZulu-Natal

Retail Shopping Centre In Pinetown – Sandy Centre. 174 Josiah Gumede (Old Main) Road, Cowies Hill, Pinetown

Site Extent: ± 6 062 m² | Anchor Tenants: National Supermarket & Food Outlet | GBA: ± 3 000 m² | Current Gross Annual Income: ± R6.4 Million | High exposure – corner site | Ample Parking – 116 Bays plus additional municipal parking (+/- 30 bays) | 100% Occupancy | 108 KW Solar System installed


Income Generating Property in Pinetown: A Retail Hub Anchored by National Supermarket and Restaurant

Located in the heart of Pinetown at 174 Josiah Gumede (Old Main) Road, Sandy Centre stands as a retail powerhouse, seamlessly blending prime location, sustainability, and profitability.

Spanning an impressive 2,860 square meters under roof, this bustling commercial hub is fully let, boasting 100% occupancy with anchor tenants such as Spar and Spur. This combination of strong retail brands ensures consistent foot traffic, while the center generates a substantial R6.59 million in annual income, solidifying its reputation as a high-yield investment opportunity.

Key Features and Tenancy Overview
Anchored by Spar, one of South Africa’s most trusted grocery chains, and the ever-popular family restaurant Spur, Sandy Shopping Centre offers a diverse range of tenants catering to everyday essentials and family dining. Other tenants complement the tenant mix, creating a well-rounded shopping experience for the surrounding community. With all retail spaces fully occupied, investors can be assured of stable rental income streams from established brands, further enhancing the center's investment appeal.

Strategic Location with Maximum Exposure
Positioned at the corner of M31 and M35 main roads, Sandy Centre enjoys high visibility from both directions, making it a prime spot for branding and marketing opportunities. The constant flow of traffic on these main arteries provides unparalleled exposure for tenants, contributing to the center's strong reputation as a go-to shopping destination in the area.
This corner site ensures that the shopping center benefits from excellent access and convenience for both customers and delivery vehicles. Its strategic location places it in close proximity to both residential areas and other commercial enterprises, further boosting foot traffic and enhancing the potential for repeat business.

Sustainability and Energy Efficiency
In keeping with modern sustainability standards, Sandy Shopping Centre is equipped with a 108 kW solar power system. This innovative addition not only reduces operating costs but also aligns with the global shift towards renewable energy sources, adding a unique selling point for eco-conscious investors. By harnessing solar energy, the center ensures a significant reduction in electricity expenses for tenants, positioning itself as a forward-thinking, sustainable retail hub.

Accessibility and Convenience
Sandy Centre offers unparalleled convenience, with easy access to public transport, major road networks, and ample parking for customers. The proximity to the M19, King Cetshwayo (Jan Smuts) Highway, M31 and M35 roads makes it a convenient stop for commuters, local residents, and those visiting from nearby towns. Additionally, the center provides a safe and well-managed environment, with well-designed infrastructure that allows for smooth traffic flow and pedestrian access.

Branding Opportunities
Thanks to its prominent position at the intersection of two major roads, Sandy Shopping Centre offers exceptional branding opportunities for its tenants. Large, visible signage on both the M31 and M35 ensures that tenant brands are prominently displayed to a wide audience, drawing in customers from surrounding areas. This high level of exposure not only benefits current tenants but also positions the center as an attractive space for potential future tenants, should any vacancies arise.

As an Investment Property
For investors seeking a property that combines solid returns, excellent tenant retention, and sustainable growth, Sandy Shopping Centre presents an exceptional opportunity. The R6.59 million annual income provides a strong return on investment, supported by the center’s 100% occupancy and long-standing tenants. The installation of the 108 kW solar system significantly reduces overhead costs, contributing to lower maintenance expenses and higher profitability over time.

In conclusion, Sandy Shopping Centre is a standout investment opportunity. With its high-profile location, sustainable energy solutions, strong tenant mix, and secure rental income, this shopping center is well-positioned to continue thriving as a retail hub while delivering excellent returns to its investors.

Commercial Type:
Retail Space
Web Reference:
AUCT-002370
List price:
POA
Address:
174 Josiah Gumede (Old Main) Road, Cowies Hill, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
21 November 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: 21 November 2024 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
vdeonarain@in2assets.com


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