South Coast mall, situated on the lower south coast servicing the communities between Eastern Cape and Southern KwaZulu Natal, opened in 2005 after development costs of approximately R205 million. Ownership of the Mall is shared by Hyprop Investments and Redefine Properties who have chosen to auction the property in a bid to focus on their core assets The sale is expected to set a new record for the KwaZulu Natal region for Auction Alliance.

The 17.6 ha property hosts 37 000m² of gross lettable area and is anchored by Game, Checkers, House & Home and Builders Express. Other national tenants number among the total of 88 stores.

Strategically positioned between Marine Drive and the N2 freeway at the Shelly beach and Izotsha Road off ramp, the location services a large catchment area and provides convenient access. The elevated position ensures sea views from the restaurants along the al fresco dining deck, and high visibility from both the beachfront Marine Road and the N2 freeway. Shelly Beach has become one of the fastest developing commercial and residential towns along the South Coast with an estimated R13 billion of commercial, industrial and residential developments currently in various stages of progress in the area.

The property is best described as a Shopping Mall as it offers a large internal central walkway, with Anchor tenants at either end and line shops running along the length of the mall. The retailers offer a wide variety of consumer goods and services, including apparel, furnishings, electronics, sporting goods, home & decor, hardware and specialty stores. There is a centralised security room which manages the 24 hour security patrols and the CCTV cameras which cover all entrances and exits.

“This property represents a prime example of the commercial properties so currently sought after amongst investors due to its prime location, solid credentials and high yield potential”, comments Gareth Kitto, Regional head of Auction Alliance.

The auction will take place at 11h00 at the Oyster Box Hotel on November 23

For more information contact Rainer Stenzhorn on tel: 082 321 1135 or Ryan Berry on tel: 083 607 8128 or email: This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.