2689 m² Retail Space in New Germany

POA

Virend Deonarain

In2Assets Properties

2689 m² Retail Space in New Germany

POA

Address: 4 posselt road
Floor Area 2689 m²

Site extent: +/- 2 697 sqm | GLA: +/- 900 sqm | High Exposure | Positioned at entrance of Township | Perfect for Cash n Carry with Mixed Retail (Butcher, Clothing & Services) | Currently tenanted on a month to month basis | Current Gross Annual Income: +/- R 340 000 | Potential (if fully let): +/- R 1 050 000 | End user, investor or re-development opportunity

This property in extent of +/- 2 697 sqm comprises two buildings. The first building consists of 9 shops, a workshop and 2 storage rooms/mini warehouses. There is approximately 850 sqm of yard/parking area. There is a carwash station operating from under 6 covered (shaded cloth) parking bays. The property is ideally located on the entrance to Clermont and within walking distance to the new bus route in New Germany and Pinetown, which is connecting nearby townships with Durban. The centre has the perfect opportunity for redevelopment since all tenants are on month to month basis.

The property is set on 4 Posselt Road approximately 50m from the busy intersection of Rodger Shishi Road and Posselt Road. The site is level and rectangular in shape. The property is located to the eastern periphery of the New Germany industrial node, which is east of the Pinetown Central Business District. Entrance into the Clermont Township is approximately 300m from the property, creating high levels of vehicular and pedestrian traffic. This node is set north of the N3 National Freeway and the M19.

The neighbourhood is well established and comprises a mix of large-scale industrial premises, light industrial, showroom and retail properties. Numerous national and blue-chip industrial tenants occupy the node. The Pinetown city centre separates the subject commercial and industrial node from the Westmead commercial and industrial node, just west of the city. Both locations are highly sought after and are considered prime properties within the eThekwini Municipality.All modern amenities can be found within the Pinetown CBD.

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Pinetown, being a very multi-cultural area, attracts different types of people from all walks of life. Having its own CBD, the area offers convenience for those who own or work in businesses in the area. The suburb has great homes, at affordable prices, and good schools that will appeal to families as well. This neighbourhood has a reputation as a "motor town", due to the high number of motor dealerships along the main road. Pinetown offers a slower pace of life than Durban, but is a short 15 minute drive from the bigger city.

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2689 m² Retail Space in New Germany

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