Extent: ± 179 m² | 7 Allocated parking bays | Potential for vacant occupation of retail area | Strategic location in Umhlanga | Positioned adjacent to new Cornubia Bridge | Located in busy destination park
This retail property situated within a sought-after destination park, with great branding exposure offering retail opportunities with office components, presents a lucrative opportunity for both Industrial Investors and End Users. Here are the key highlights and advantages of the property:
Strategic Location
The property enjoys a sought-after location within Outlet Park on Meridian Drive in Umhlanga Ridge New Town Centre. Positioned adjacent to the brand-new bridge connecting Cornubia with Umhlanga, Outlet Park enjoys high visibility and exposure to passing trade and has great N2 visibility.
The property is positioned alongside Porsche, the Kitchen Studio, Ferrari, Vespa and multiple other national and international brands situated along Meridian Drive.
Excellent Accessibility
The property benefits from quick and easy access to major transport routes, including the N2 Highway and the newly developed R1.1 billion four-level Umhlanga Interchange, a key part of the eThekwini Metropolitan highway system. It is also conveniently close to Umhlanga Rocks Drive and is easily reachable via the M4 Highway to the east and the N2 Freeway to the west. The M41 further enhances connectivity, linking directly to the N2 National Freeway
Functional Space
Spanning a total of 179 m² The property comprises a functional ground floor retail area with rear storage area. The property also comprises a concrete mezzanine overlooking the retail space. This mezzanine level currently functions as office space which is occupied by two tenants. The property is well-situated for retail businesses. Lots of natural light and high foot traffic allow for an attractive retail store to be created in this unit. The unit has 7 allocated parking’s however the complex boasts more than 300 parking bays
Outlet Park was developed in 2014 and is a desirable mixed-used environment with major blue-chip corporate businesses. The unique open plan, single levelled design of the shopping centre allows for exceptional convenience. Initially developed for use of factory outlets, the tenant mix in 2017 shifted towards a more home improvement offering and has since attracted some big businesses from this industry. High visibility and easy access with the intersection linking the N2 and Cornubia to Meridian Drive puts this property in an ideal location.
Surrounding Environment
The nucleus of this node is the Gateway Theatre of Shopping which offers all necessary modern amenities. The Umhlanga Hospital, Gateway Hospital, numerous motor dealerships, the Crescent Centre, international hotels, many residential developments and health clubs, are in close proximity. Tenants within the complex include Afrigran, Body Guru Gym, Day-nite Pharmacy, Gelmar, Labotec, Moto Café, Normal Goodfellows, the Meat Market, and The Golfers Club among many others.
Umhlanga Ridge New Town Centre offers advantages of location which are unique to South Africa. It is a bustling business environment, 15 minutes north of the Durban Central Business Centre and the Durban Harbour. The location enjoys easy access onto a network of major roads, with the King Shaka International Airport and Dube Trade Port 20 minutes north.