Thu, 22 October 2026 at 11:00

PORTFOLIO DISPOSAL: Blue-Chip Tenanted Commercial Investment Property In Empangeni

8 Smith Street, Empangeni Central, Empangeni, Empangeni, Empangeni, KwaZulu-Natal

Est. opening bidEst. for members

Market price · profitMembers only

Extent: ± 4 417 m² | Total GLA: ± 2 032 m² | Gross Annual Income: ± R3.47 Million (Excluding Recoveries) | Potential: ± R4.13 Million (Excluding Recoveries) | Two Anchor Tenants (ABSA and FNB) | Prime Central CBD location near Empangeni Mall | Well Maintained Iconic Building | 99 Secure on-site parking bays (77 open, 22 covered) | High visibility — 3 road frontages (Smith, Maxwell & Union Streets) | Fully fenced with ClearVu fencing and access control This iconic, well-maintained commercial property at 8 Smith Street occupies a prime central position in the Empangeni CBD, commanding exceptional visibility across three road frontages — Maxwell Street, Smith Street and Union Street. The building offers approximately 2 032 m² of gross lettable area across five units, anchored by two major banking tenants, ABSA and FNB, and presents a purchaser with an established income stream together with clear further upside on the current first-floor vacancy of approximately 464 m². Anchor Tenants and Investment Appeal ABSA and FNB occupy the property as anchor tenants, providing an established income stream underpinned by strong tenant covenant. With gross annual income currently at approximately R3.47 million (excluding recoveries) and rising to a potential R4.13 million (excluding recoveries) once the first floor is fully let, the property offers a purchaser both immediate income and a tangible path to increasing returns. Parking and Security The property provides 99 secure on-site parking bays, comprising 76 open and 23 covered bays, supplemented by a further 23 off-street bays along Smith Street and Maxwell Street — a notable parking ratio for a CBD asset of this size. The site is fully enclosed with Clear-Vue fencing and access control, and an elevator within the building serves ABSA's exclusive use. Location and Accessibility The property occupies a prominent, high-visibility position in the Empangeni CBD, close to Empangeni Mall, and benefits from strong pedestrian foot traffic across its three road frontages. As the primary commercial hub for the greater Zululand region, Empangeni draws consistent trade from surrounding towns and the broader rural catchment, reinforcing the long-term footfall and tenant demand which this location commands. Potential Uses The property's existing zoning uses accommodate a banking hall, general offices, general retail and an automotive showroom and service workshop. Subject to applicable approvals and existing leases, the available accommodation may suit: · Banking or financial services · Professional and administrative offices · General retail · Automotive showroom and service workshop · A multi-tenant commercial investmentSee this lot on In2Assets — photos, legal pack and registration →

The property

Type: Commercial
Extent: 4 417 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 Empangeni, 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.