AUCT-002520 | On Auction

Investment Unit in the Heart of Umhlanga

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    2025-06-19 11:00:00
    Investment Unit in the Heart of Umhlanga

    Section 17 (Unit 22) SS Outlet Park, 59 Meridian Drive, Umhlanga New Town Centre

    Extent: ± 223 m² | Occupied by prominent retailer | Strategic location in Umhlanga | Positioned adjacent to new Cornubia Bridge | Located in busy destination park | Major tenants in Center include Gelmar and Golfer’s club | Lease with Hasmart till 31/12/2026 | Gross Annual Income: ± R 678K

    uMhlanga, KwaZulu-Natal


    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

    Internal Configuration
    The property comprises a ground floor retail area with a drywall office, ablution and kitchenette. The property also comprises a concrete mezzanine overlooking the retail space. The property is well-situated for retail businesses.

    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.
    Commercial Type:
    Retail Space
    Web Reference:
    AUCT-002520
    List price:
    POA
    Address:
    Section 17 (Unit 22) SS Outlet Park, 59 Meridian Drive, uMhlanga, eThekwini Metropolitan Municipality, KwaZulu-Natal
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    19 June 2025 11:00 am



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

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    Muhammad Ali
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    Muhammad Ali

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