Retail Space in Pinetown

AUCT-000150 | Property previously listed

Pinetown, Pinetown, KwaZulu Natal


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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.

Commercial Type:
Retail Space
Web Reference:
AUCT-000150
List price:
Property previously listed
Address:
Pinetown, Pinetown, KwaZulu Natal
Property Extent:
1036 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
28 January 2016 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
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Property previously listed


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