Misty Blue Investments (Pty) Ltd (In Liquidation) | Master's Reference No.: N143/2019 | 7 Commercial units | Partially tenanted | Gross Monthly Income: ± R 74.7K | Walking distance to the Crescent and Gateway | Extents Range From ± 57 m² to ± 353 m² | Section 1: ± 353 m² | Section 105: ± 58 m² | Section 106: ± 191 m² | Section 107: ± 57 m² | Section 109: ± 117 m² | Section 115: ± 87 m² | Section 122: ± 186 m² | To be sold individually and combined
Exclusive Commercial Units for Auction in Umhlanga Ridge Precinct
In2assets presents a rare opportunity to acquire prime commercial units within the sought-after Umhlanga Ridge Precinct. Up for auction are Sections 1, 105, 106, 107, 109, 115, 122, and 123 within the sectional title scheme known as SS Aldrovande Palace.
Prime Location
These sectional title units form part of a mixed-use development comprising commercial, retail, and residential spaces in Umhlanga’s vibrant New Town Centre. SS Aldrovande Palace boasts a prominent position along Millennium Boulevard, Jubilee Grove, and Solstice Road, within walking distance of the renowned Gateway Theatre of Shopping. This bustling business hub is just 15 minutes north of Durban’s CBD and Harbour, with excellent connectivity to major road networks and King Shaka International Airport, approximately 25km away.
Unit Details
• Section 1: Located on the lower ground floor, this unit offers street frontage onto Jubilee Grove and is subdivided into two tenanted spaces, currently occupied by a Men’s Salon and Print Shop.
• Sections 105, 106, 107, 109, 115, 122 & 123: Situated on the first floor, accessible via an escalator from the main entrance on Millennium Boulevard. Three sections are vacant, while four are tenanted. These units are versatile, suitable for retail or office use.
Thriving Business Hub
Umhlanga has established itself as one of South Africa’s leading economic nodes, attracting significant investor confidence, with ongoing and completed developments exceeding R10 billion. The area is home to the La Lucia Ridge Office Estate, KwaZulu-Natal’s first corporate office park, housing numerous national and multinational corporations in the legal, financial, and engineering sectors.
This auction presents an excellent opportunity to invest in Umhlanga’s dynamic commercial landscape.
