Web Ref No CL1020

Real estate opportunity for a supermarket space in a high-foot-traffic location. Here's a summary of the key points :

Property Details:

Location: The property is located in a high-foot-traffic area, possibly near Pinetown Centrel bus and taxi hubs.
Size: The supermarket space consists of a ground floor area of 1,101 sqm and a basement area of 591 sqm.
Pricing: The ground floor is priced at R 49,541, and the basement is priced at R 26,582. Both areas can also be available separately.
Open Plan: The property features an open plan space, which could be suitable for arranging the supermarket layout efficiently.
Goods Hoist: The presence of a goods hoist indicates convenient access for stocking and inventory management.
Features and Amenities:

Former Checkout Supermarket: The space has previously been used as a supermarket, which could be advantageous for a similar business or other retail ventures.
Branding and Signage: The location offers attractive branding and signage opportunities, allowing businesses to attract customer attention effectively.
Storage Space: Additional storage space is available, which could be useful for managing inventory and maintaining a well-stocked store.
Lavatories: Staff and customer lavatories are available within the unit, ensuring convenience for both employees and shoppers.
Parking: The property offers more than 20 parking bays accessible via Chapel Street, enhancing convenience for customers.
Target Audience:

Low to Middle-Income LSM: The property's location and pricing suggest that it's positioned to attract customers from the low to middle-income segments of the population.
Considerations:

Potential Business Types: Apart from a supermarket, the space could also be suitable for various retail businesses that require a spacious and well-located storefront.
Competitive Analysis: It would be beneficial to analyze the local competition and assess how the property's features and location compare to other retail options in the area.
Local Demand: Understanding the local community's needs and preferences will help in tailoring the supermarket's offerings to meet their requirements.
To fully evaluate this opportunity, potential tenants or buyers would need to consider their business plans, target market, and financial projections to determine if this space aligns with their objectives.