RETAIL/COMMERCIAL PROPERTY
UNIT NO.33 OUTLET PARK, 59 MERIDIAN DRIVE, UMHLANGA ROCKS
The subject property is centrally located within the Gateway Precinct and easily accessible from both the southern and northern N2 carriageway which will soon be connected to Meridian Drive via a developing intersection and will also allow traffic from the multi-million mixed use Cornubia development. It is a stone’s throw away from Gateway Theatre of Shopping and The Crescent Shopping Centre.
Property Description
Outlet Park was opened in early 2014. The design and layout offer shoppers a contemporary outdoor and urban-living shopping experience with a choice of more than 30 unique businesses reflecting the shopping, business and leisure needs of the upmarket consumers living or working within the neighbourhood.
It offers free and secure parking which is conveniently laid out on one level, allowing shoppers to quickly and easily move from their vehicle into their favourite retail store or visiting business.
This Sectional Title Unit comprises the following:
The property has been divided into 3 individual units by the current owner
2 Retail Outlets
Upstairs Open-Plan Office
7 Parking Bays
Within the park there is a great mix of tenants ranging from a coffee shop to a major golf retailer attracting a lot of foot traffic.
Expenses
Monthly Rates                               : ± R 8 001.70 (Estimated)
Monthly Levy                                : ± R 5 092.22 (Estimated)
