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Property
Description

Corporate Disposal

Athlone Park is a southern suburb of Durban, located near Amanzimtoti, KZN. The shopping centre is close to the N2 and accessible via the Fairview road off ramp. The area is home to the Toyota Prospection factory where the Fortuner is built, and numerous other vehicles assembled. More recently the area has become a medical hub with more facilities having been introduced over the years. The likes of the Athlone Park Clinic, Intercare and Kingsway Netcare are all within a 15 min. drive from the centre. Tenants in the building include National Renal Care, Equra Health, Athlone Park Liquor store, FNB ATM, Post Office and CELL C. The exterior of the building is plastered and painted. It is double storey with retail and office space. There is vehicle entrance on the west side to a large basement. The ground floor can be accessed via a lift and stairs case. The centre is considered a neighbourhood shopping centre due to its size of between 3000 – 10 000sqm. Nett Annual Income: R3.675 Mil.

The property offers investors with significant upside.

*The property is to be sold subject to confirmation - R50 000 registration fee - 15% deposit required on the fall of the hammer.

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
26, Prince Street, Athlone Park, eThekwini, Kwazulu Natal

AUCTION ADDRESS:
Masingita House, 41 West Street, Houghton Estate, Johannesburg, Gauteng

AUCTION DATE:
2019-05-30

AUCTION START TIME:
12:00

KEY FEATURES

ERF SIZE: 13884m2 | GBA: 6430m2

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