Property Details

MULTI-STOREY COMMERCIAL PROPERTY ON AUCTION 97 TODD STREET INSOLVENT ESTATE The subject property is situated in Todd Street, within a substantial residential suburb surrounding the town of Verulam. Verulam is situated approximately 35km north of the Durban CBD and roughly 15km north of Umhlanga Rocks. The surrounding neighbourhood consists of commercial properties ranging from small retail shops to supermarkets and shopping centres. Verulam as a town is busy and attracts people from the surrounding rural areas, low-cost housing developments as well as established middle-income residential suburbs. The site is roughly rectangular in shape and slopes gently downwards from Todd Street to the rear boundary. The subject property is improved to a rectangular-shaped three-storey building offering Retail, Storage, Office and incomplete Residential Accommodation. The Ground Floor comprises four shops and storage (for the hardware). Mezzanine Level / 1st Floor comprising offices and stores and Second Floor Residential Units. The parking and driveway areas are hardened with concrete paving. The perimeter is secured with brick walling. A basic lean-to is located at the rear. There is a good demand for residential accommodation of this nature close to the Verulam CBD and on a busy arterial route. Auction Details: Date: 25 May 2023 Time: 11:00AM Venue: At the Oyster Box Hotel, 2 Lighthouse Road, Umhlanga, Durban For more info contact IAN on 082 490 3517