This beautiful commercial property is situated in the busy hub of Umgeni Road, Durban, Kwazulu Natal and boasts national anchor tenants holding lengthy leases.
The building is in a neat and well maintained condition and offers 3 levels of space which encompasses the majority of the erf while allowing for 108 covered and uncovered parking bay that also generate approximately R 450,000.00 per annum adding to the value of the property.
Being positioned approximately halfway between Kingsmead and Moses Mabida Stadiums, this property is centrally situated to offer you the perfect position for your investment.
Area: Durban, Kwazulu Natal
Size (GLA): 11,379 m² (Approximately)
Asking Price Excl.VAT: R 60,000,000.00
Gross Income: R 8,290,010.00 P/A (Including parking income)
Total Expenses: R 2,030,000.00 P/A (Including municipal charges)
Access to Major Roads: Umgeni Road half way between Moses Mabida and Kingsmead Stadiums
Facilities: Retail, Warehousing and Offices
Parking: 108 Onsite Covered and Uncovered Parking Bays
Please note that information contained herein is meant only to serve as a summary of relevant information as supplied to Sentinel Commercial Services Group. No information is verified or presented as fact, we urge prospective clients to have all relevant information professionally verified.
Updated on November 12, 2018 at 1:32 pm
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