Versatile Umhlanga Commercial Block to be Auctioned by In2Assets

Posted On Thursday, 15 August 2013 13:16 Published by Commercial Property News
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KwaZulu Natal’s leading asset sales and property auction house, In2assets will be submitting a versatile commercial property in the heart of the Gateway Precinct to the auction floor on the 25 September 2013. 

24 MeridianAccording to In2assets Auctioneer, Andrew Miller who will be conducting the sale, "this site presents an outstanding opportunity to acquire one of the very best pieces of real estate in the Durban area to be offered on auction".

The property comprises of a combination of two components spread over two floors with accessibility from two roads as well as four entry and exit points into the building. It is highly suitable for showroom purposes and surrounded by various motor dealerships and other motor trade specialists.

The extent of the property is 2 916 m² and the total general lettable area measures 2668 m² excluding the 107 basement and open parking bays which consists of a street level section with basement parking and frontline showrooms and a first floor section accessible via a wide service lane which offers showrooms, offices and service / warehouse facilities and a huge open parking area. The building has a total parking capacity for 107 cars which are very rare in such a dense developed area continues Miller.

The location of the property is excellent, easily reachable from all major freeways and just meters away from the new interlink to Cornubia, the latest mixed use development stretching from Umhlanga towards King Shaka Airport says Miller.

The greater Umhlanga Rocks Area is considered a key local and international tourism hub and presently one of the most strategic growth points in KZN with the new King Shaka International Airport only 12 kilometres away.

The property is fully tenanted and due to the liquidation, will be offered on the day of the auction with the existing leases and without the existing leases which offers opportunities to both end – user occupiers as well as property investors.

This property together with other investment properties will be taken to our combined property auction on the 25 September 2013 @ 11h00 am at the Durban Country Club.

For further information, kindly contact Andrew Miller, email address: This email address is being protected from spambots. You need JavaScript enabled to view it. or Rainer Stenzhorn, email address: This email address is being protected from spambots. You need JavaScript enabled to view it.

Last modified on Thursday, 29 May 2014 17:12

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