Prime Retail Development Opportunity, 21 Union Lane, Pinetown
Extent: ± 1 036 m² | Gross annual income: ± R300K | High volume pedestrian trade zone | Adjacent to large Shopping Malls | Ideal for a Quick Service Restaurant or Multi-level Cash and Carry | Thoroughfare to busy Central Taxi Rank | Easy access for large vehicles and trucks
The subject property enjoys prime positioning along one of the busiest pedestrian thoroughfares in Pinetown, KZN. The adjacent ± 40 000 m² Pinecrest Mall and ± 8 500 m² Pinewalk Mall lures large numbers of shoppers from the huge Pinetown Taxi Rank. The majority of these shoppers use Union Lane as their thoroughfare. The extent of the property is ± 1 300 m² and is nestled between large blue chip shopping nodes. A buyer will have the rare opportunity of developing this commercial site into a strong retail prospect. The current owner has been operating a successful building-block retail business for several years. The rental income earned by the propco is ± R300 K per annum.