2020 m² Retail Space in Kwambonambi

On Auction

Luke Hearn

In2Assets Properties

2020 m² Retail Space in Kwambonambi

On Auction

Address: shop 9 regia street
Floor Area 2020 m²

High Trade Shoprite U-Save. Erf 9 Regia Street, Kwambonambi

Extent: 2020 m | Gross Annual Income: R644 K (including recoveries) | Strategic location next to taxi rank | Positioned on the main road | Shoprite lease | Long term tenant

LOCALITY

This retail property is located on the main road in the CBD of KwaMbonambi. KwaMbonambi is located close to the N2 highway, the national artery, which runs from Cape Town to Mozambique carrying investors, business and tourist traffic.

The property is in close proximity to the taxi rank, Post Office, Banks, Court and the shopping centre, and enjoys excellent exposure to the high level of pedestrian and vehicular traffic in the area.

Lying inland of Richards Bay, in a north westerly direction, KwaMbonambi, is situated part way between Empangeni and St Lucia on the N2.

Meaning Place where the Chiefs gather, the village of Kwambonambi has importance in the history and culture of the Zulu Nation. KwaMbonambi, with its abundance of land has been identified as a primary development node. There is potential for residential and an industrial development, as well as the expansion of its well-developed timber industry. Already people working in Richards Bay seek the tranquility of Kwambonambi, with its tree-lined roads and well-built homes.

PRIMARY USE

The site extent is 2020m2 and comprises a Shoprite U-Save retail store and ample parking for customers. The property comprises a retail section, a large parking lot, a secure receiving area, a bakery, stock storage areas, offices and ample ablutions.

Shoprite is Africas biggest food retailer. It operates more than 2,934 outlets in 15 countries across Africa and the Indian Ocean Islands.

The subject property was initially developed for Shoprite in 2009 and they have occupied the property ever since. They have 3 years left on the current lease with two 4-year renewal periods remaining.

Please contact Luke for more detailed information or to arrange a site visit.

Read More

Email the Agent or request the agent Call You Back should you require any further details.

Contact Agent

Sending Message...
By sending, you agree to Private Property's terms and conditions

Share this Property

Similar Property for Sale in Kwambonambi

2020 m² Retail Space in Kwambonambi

On Auction

2020  m² Retail Space in Kwambonambi photo number 1
2020  m² Retail Space in Kwambonambi photo number 2
2020  m² Retail Space in Kwambonambi photo number 3
2020  m² Retail Space in Kwambonambi photo number 4
2020  m² Retail Space in Kwambonambi photo number 5
2020  m² Retail Space in Kwambonambi photo number 6
2020  m² Retail Space in Kwambonambi photo number 7
2020  m² Retail Space in Kwambonambi photo number 8
2020  m² Retail Space in Kwambonambi photo number 9
2020  m² Retail Space in Kwambonambi photo number 10
2020  m² Retail Space in Kwambonambi photo number 11
2020  m² Retail Space in Kwambonambi photo number 12
2020  m² Retail Space in Kwambonambi photo number 13
2020  m² Retail Space in Kwambonambi photo number 14
2020  m² Retail Space in Kwambonambi photo number 15
2020  m² Retail Space in Kwambonambi photo number 16
2020  m² Retail Space in Kwambonambi photo number 17
2020  m² Retail Space in Kwambonambi photo number 18
2020  m² Retail Space in Kwambonambi photo number 19
2020  m² Retail Space in Kwambonambi photo number 20
2020  m² Retail Space in Kwambonambi photo number 21
2020  m² Retail Space in Kwambonambi photo number 22
2020  m² Retail Space in Kwambonambi photo number 23
2020  m² Retail Space in Kwambonambi photo number 24
2020  m² Retail Space in Kwambonambi photo number 25
2020  m² Retail Space in Kwambonambi photo number 26
2020  m² Retail Space in Kwambonambi photo number 27
2020  m² Retail Space in Kwambonambi photo number 28
2020  m² Retail Space in Kwambonambi photo number 29
2020  m² Retail Space in Kwambonambi photo number 30

Contact Agent

Sending Message...
By sending, you agree to Private Property's terms and conditions

3D View

Video Tour

Apply for a Home Loan

Contact Agent