Extent: ± 1 765 m² | GBA: ± 1 054 m² | Yard Area: ± 1 103 m² | Leasehold property | ± 22 Years remaining | Current Gross Monthly Income: ± R160.6K (Ex Vat & Ex Recoveries) | 33 Onsite parkings | High Traffic Area
Durban, KwaZulu-Natal
In2Assets is proud to present this prominent retail property situated within the highly sought-after Umgeni Business Park. Occupying a strategic position on Intersite Avenue, the property benefits from exceptional visibility, excellent accessibility and exposure to high volumes of passing traffic, making it an outstanding opportunity for investors and owner-occupiers alike.
Property Improvements The property extends over approximately 1 765 m² and is improved with a well-maintained retail building measuring approximately 1 054 m². In addition, the property offers a generous yard area of approximately 1 103 m², providing ample space for customer access, loading operations and day-to-day business activities. A total of 33 on-site parking bays further enhance the property's functionality and convenience for customers and staff. The property is held on a leasehold basis with approximately 22 years remaining on the lease, providing long-term security of tenure.
Accommodation & Functionality Designed to accommodate a wide variety of retail, showroom and commercial operations, the improvements offer flexible internal space complemented by a practical external layout. The expansive yard area allows for efficient vehicle circulation, deliveries and operational requirements, while the substantial parking allocation caters comfortably for both employees and visitors.
Location Positioned within one of Durban's most established commercial precincts, the property enjoys immediate access to major arterial routes including the N2, M19, Umgeni Road and Chris Hani Road. This central location provides seamless connectivity to the Durban CBD, Springfield Park, Riverhorse Valley, Durban Harbour and the greater metropolitan area, making it an attractive destination for both customers and businesses.
Area Profile Umgeni Business Park has earned a reputation as one of Durban's premier commercial and industrial nodes, accommodating a diverse mix of national retailers, wholesalers, trade suppliers and service-based businesses. Its excellent infrastructure, strong commercial activity and strategic location continue to underpin robust demand from both occupiers and investors.
Auction Terms and Conditions:
R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required DISCLAIMER: Website listings are for information purposes only and remain subject to change, amendment, correction or withdrawal at any time prior to the auction. As further information becomes available, revised listings will be published from time to time. It may not be possible to identify, track or specifically draw attention to every amendment or revision. The final brochure and Conditions of Sale, as issued to each registered bidder via email and/or WhatsApp prior to or on the day of the auction, shall constitute the final, governing and binding documentation applicable to the auction and the sale of the property. It is each Purchaser’s sole onus and responsibility to ensure that he has received, read, understood and agreed to the final brochure and Conditions of Sale and to bid and purchase strictly in accordance therewith. Registration for the auction shall constitute deemed acceptance of the final documentation as issued.
