PORTFOLIO DISPOSAL: Blue-Chip Tenanted Commercial Investment Property In Empangeni
8 Smith Street, Empangeni Central, Empangeni
Extent: ± 4 417 m² | Total GLA: ± 2 032 m² | Gross Annual Income: ± R3.47 Million (Excluding Recoveries) | Potential: ± R4.13 Million (Excluding Recoveries) | Two Anchor Tenants (ABSA and FNB) | Prime Central CBD location near Empangeni Mall | Well Maintained Iconic Building | 99 Secure on-site parking bays (77 open, 22 covered) | High visibility — 3 road frontages (Smith, Maxwell & Union Streets) | Fully fenced with ClearVu fencing and access control
Empangeni, KwaZulu-Natal
This iconic, well-maintained commercial property at 8 Smith Street occupies a prime central position in the Empangeni CBD, commanding exceptional visibility across three road frontages — Maxwell Street, Smith Street and Union Street. The building offers approximately 2 032 m² of gross lettable area across five units, anchored by two major banking tenants, ABSA and FNB, and presents a purchaser with an established income stream together with clear further upside on the current first-floor vacancy of approximately 464 m².
Anchor Tenants and Investment Appeal ABSA and FNB occupy the property as anchor tenants, providing an established income stream underpinned by strong tenant covenant. With gross annual income currently at approximately R3.47 million (excluding recoveries) and rising to a potential R4.13 million (excluding recoveries) once the first floor is fully let, the property offers a purchaser both immediate income and a tangible path to increasing returns.
Parking and Security The property provides 99 secure on-site parking bays, comprising 76 open and 23 covered bays, supplemented by a further 23 off-street bays along Smith Street and Maxwell Street — a notable parking ratio for a CBD asset of this size. The site is fully enclosed with Clear-Vue fencing and access control, and an elevator within the building serves ABSA's exclusive use.
Location and Accessibility The property occupies a prominent, high-visibility position in the Empangeni CBD, close to Empangeni Mall, and benefits from strong pedestrian foot traffic across its three road frontages. As the primary commercial hub for the greater Zululand region, Empangeni draws consistent trade from surrounding towns and the broader rural catchment, reinforcing the long-term footfall and tenant demand which this location commands.
Potential Uses The property's existing zoning uses accommodate a banking hall, general offices, general retail and an automotive showroom and service workshop. Subject to applicable approvals and existing leases, the available accommodation may suit: · Banking or financial services · Professional and administrative offices · General retail · Automotive showroom and service workshop · A multi-tenant commercial investment
8 Smith Street, Empangeni, King Cetshwayo District Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club
Auction Date:
22 October 2026 11:00 am
Auctioneer:
Andrew Miller
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.
