Thu, 22 October 2026 at 11:00

PORTFOLIO DISPOSAL: AAA Grade Blue-Chip Tenanted Commercial Property In Pinetown CBD

1 Church Lane, Pinetown CBD, Pinetown, Pinetown, KwaZulu-Natal

Est. opening bidEst. for members

Market price · profitMembers only

Site Extent: ± 3 237 m² | Total GLA: ± 2 169 m² | Gross Annual Income: ± R4.5 Million (Excluding recoveries) | 3 x Tenants | Well maintained property | 98 Secure on-site parking bays | High visibility – 3 road frontages | First ABSA branch in KZN to offer Home Affairs services Positioned prominently at the corner of Church Lane, School Road and Josiah Gumede (Old Main) Road in Pinetown CBD, this iconic double-storey commercial property presents a well-maintained, income-producing investment anchored by ABSA, occupying approximately 1,097m² of the ground floor, purpose-configured with the service departments, infrastructure and operational requirements suited to its organisation. This is the first ABSA branch in KZN to offer Home Affairs services for smart ID card and passport applications. A lift services the first floor, which accommodates two established tenants, including Legal Aid SA, a national government tenant strategically positioned in close proximity to the Pinetown Courts, and a second tenant namely Sigma Academy occupying approximately 540m², whose current lease expires in January 2027. The property offers 46 open parking bays and 52 covered bays, individual water meters for each tenant, smart post-paid electricity meters for each tenant, approved building plans and an occupation certificate. Fire-fighting equipment and lift servicing are maintained and up to date. Rentals are all up to date. All these factors contribute to the important investment fundamentals of this property. The building is very low maintenance due to its face-brick construction. The roof sheets were replaced in July 2026 with AZ200 ZincAL roof-sheets which has a 20 year warranty from SAFAL Steel (Pty) Ltd. The property is secured with steel palisade , barb wire and clear view fencing. Its prominent three-road position provides excellent exposure and accessibility, with potential for a variety of commercial uses, including retail, medical/professional offices, motor display area and other commercial applications, subject to the applicable zoning and special consents approvals. Uses such as fueling and service station would be subject to the necessary special consents and municipal approvals. The sale includes only the external CCTV cameras, air-conditioning units on the first floor and the lift as movable assets. All other movable assets situated within the 3 tenanted premises are specifically excluded from the sale, including all vaults, the generator, satellite dishes, fixtures, fittings, equipment and operational assets belonging to the 3 tenants. Legal Aid SA and ABSA Bank serve as key occupiers and service hubs for the surrounding area. Several ABSA branches in the surrounding vicinity have closed over the years, with those branches being consolidated at this property. Opposite the building in Josiah Gumede (Old Main) Road is a Go!Durban station. It has been reported that the Go!Durban service will go live in December 2026. The first service will operate along the C3 Corridor between Bridge City and Pinetown, connecting surrounding communities and providing the first operational component of the city's integrated public transport network. Buyers are advised to conduct their own enquiries and due diligence with regards to Go!Durban Strategically positioned in the heart of Pinetown CBD, 1 Church Lane is anchored by an established and exclusive ABSA branch that has served the area for more than 20 years. The branch has evolved into a key operational banking centre offering the full suite of ABSA bank offerings. It therefore services not only the immediate CBD pedestrian traffic and walk-in clientele, but a substantial catchment extending across Pinetown, Westville and its surrounding suburbs, Reservoir Hills, Cowies Hill, Wyebank and Kloof, as well as the established industrial nodes of Westmead and New Germany. With other ABSA banking branches in the surrounding area having closed over time, the property benefits from the continued presence See this lot on In2Assets — photos, legal pack and registration →

The property

Type: Commercial
Extent: 3 237 m²

The sale

Auction house: In2Assets
Format: Live auction
Seller: Bank instruction
Venue: Mount Edgecombe Country Club

Market price & sales history

What is it worth?Members see the similar-size properties for sale in Pinetown, the market price they give this one, the profit at the est. opening bid, and the area’s Deeds Office sales by year.

Lot details are taken from In2Assets’s website and change often; sales may be postponed, withdrawn or sold beforehand. Confirm with the auction house and read its conditions of sale before you bid. Market prices are estimates from asking prices of similar properties for sale.