AUCT-002462 | On Auction

Retail Properties in Glen Ashley

236, 238, 240 Rinaldo Road, Glen Anil, eThekwini Metropolitan Municipality, KwaZulu-Natal

Retail Properties in Glen Ashley. 236, 238, 240 Rinaldo Road, Glen Anil, Durban

Combined Extent: ± 9 375 m² | Property 1 Extent: ± 7 071 m² | Property 2 Extent: ± 1 012 m² | Property 3 Extent: ± 1 292 m² | Combined GBA: ± 3 699 m² | All properties are fully tenanted | Combined Gross Annual Income: ± R4 Million | Ample parking and yard area | Excellent Road Frontage | Redevelopment opportunity


These three properties at Rinaldo Road, with a combined extent of 9,375m², offer a versatile portfolio for businesses and investors. Together, they provide a range of office, retail, industrial, and light manufacturing spaces, ideal for enterprises looking to consolidate operations or investors seeking a stable income stream in a prime commercial location.

Alternatively, the properties can be acquired individually, each catering to different business needs. Property 236 offers large yard space and adaptable offices, Property 238 provides high visibility with retail exposure, and Property 240 features a diverse tenant mix with light manufacturing capabilities. The properties offer flexible solutions to suit various business requirements.

These properties can be purchased individually or together.

Property 1: 236 Rinaldo Road
This property offers a versatile and well-positioned space suitable for a variety of industrial, commercial, and office applications. With a large warehouse, extensive office areas, and dedicated yard space, it is ideal for businesses that require both operational and administrative functions in one location. The property’s strategic positioning at the entrance of an industrial complex provides excellent accessibility and visibility, making it an attractive option for companies that value easy transport access and a professional environment. Its layout allows for a flexible approach to business needs, with the ability to accommodate multiple tenants and provide customized spaces for different operational purposes.

Property Features
The property measures 7071m² in extent and is fully tenanted with 9 tenants. Upon entering, there are two office units leading into a large warehouse space with excellent height clearance—3.2 meters at the center and 5.4 meters at the outer edges. The warehouse has ample space for various industrial uses, and the yard area offers convenient access for loading and unloading operations. The property is designed with a flexible office layout across two floors, with several offices being dry wall partitioned to allow for customizable configurations. The first floor also includes an additional boardroom and lecture room, offering flexibility for different business activities. Each floor features a kitchenette, and there are ablution facilities throughout the property for added convenience.

Additional Amenities
In addition to the warehouse and office spaces, the property is well-equipped with ample parking for both tenants and visitors. The front parking area accommodates approximately 15 vehicles, while the rear parking area provides space for up to 30 vehicles. The layout includes a dedicated yard and driveway area, allowing for easy truck access for loading and offloading. The property also benefits from well-maintained workshop ablutions, which are located within the warehouse area. The office areas are equipped with modern features and can be adapted to suit various business needs. The first and second floors are fully equipped with ablution facilities, ensuring convenience across the property.

Property 2: 238 Rinaldo Road
This well-located commercial property offers excellent visibility and accessibility along Rinaldo Road. It is ideal for office and retail use, featuring multiple tenants and secure parking facilities. The property's versatile layout makes it suitable for businesses requiring office space, retail exposure, or storage facilities.

Property Features
This fully tenanted property spans 1,012 m² in extent and accommodates 11 tenants across a mix of office, retail, and storage spaces. The back section consists of six office units, providing flexible workspace options. At the front of the property, there is one ground-floor retail unit with prime exposure to Rinaldo Road. Additionally, there is one large unit that spans both the ground and first floors, comprising multiple sections and dedicated storage rooms, making it highly versatile for various business operations.

Additional Amenities
The property includes communal ablutions and a shared lunch area for employees. Parking is well provided for, with seven parking bays at the front of the building. At the rear, accessible via a gated driveway, there are 13 undercover parking bays and two open bays, ensuring ample secure parking for tenants and visitors.

Property 3: 240 Rinaldo Road
This multi-tenanted commercial property is well-positioned in the Glen Anil area, offering a mix of office, retail, and light manufacturing spaces. The fully let building provides an excellent investment opportunity with a steady income stream.

Property Features
The property’s extent is ±1,292m² and comprises seven tenants with seven sections to the building, each section has their own ablutions. The ground floor accommodates three tenants, while the first floor houses four. A storage area and an apartment unit are also located in the first-floor outbuilding. Parking is well provided, with six bays on the ground level and an additional thirteen accessible via a driveway ramp to the first floor.

Additional Amenities
The property offers a diverse tenant mix. The layout allows for efficient space utilization and alteration, ensuring functionality for different commercial activities.

Area Overview
Glen Ashley is a thriving commercial and residential hub, attracting businesses across multiple sectors. The area is characterized by its well-maintained properties and strong demand for commercial, retail, light industrial and office spaces.

Locality
Situated on Rinaldo Road, the properties enjoys excellent access to major arterial routes, including Chris Hani Road (North Coast Road) and the N2 freeway. It is also conveniently located near Umhlanga Rocks Drive and Eastmans Spar in Glen Ashley, providing easy access to retail, business, and residential areas.

Accessibility
With its proximity to key transport routes, the property offers convenience for tenants and businesses requiring efficient logistics and commuting options.

Surrounding Environment
Glen Ashley has evolved into a sought-after commercial zone, home to various national brands, service providers, and light manufacturing enterprises. The high demand in the area makes this property an attractive investment option.

Northern Corridor
Glen Ashley forms part of Durban’s northern corridor, which includes Umhlanga, La Lucia, Glen Anil, Briardene, Riverhorse Valley, and Springfield Park. The N2 Freeway and the extended Nandi Drive provide excellent transport links, ensuring continued growth and accessibility for businesses in the region.

Commercial Type:
Mixed use Commercial
Web Reference:
AUCT-002462
List price:
POA
Address:
236, 238, 240 Rinaldo Road, Glen Anil, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
24 April 2025 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required

Bidding opens in


Auction Date: 24 April 2025 11:00:00am


Marco Forno
                                                         In2assets Representative

Property Agent


Marco Forno
Show number
mforno@in2assets.com


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