086 1222 021

info@scsgroup.co.za

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COMMERCIAL PROPERTY IN DURBAN WITH A 10.4% ROI For Sale

R60,000,000

Description

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

Occupancy: 92%

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.

Detail

Updated on November 12, 2018 at 1:32 pm

  • Property ID: UMGSALEDON047
  • Price: R60,000,000
  • Zone: Retail, Warehousing and Offices

OTHER PROPERTY INFO:

  • Parking:
  • Rand per M2 Price Range:
  • Size range in M2:
  • Property Address

    • City: KZN
    • Country: South Africa

    Contact info

    CONTACT AGENT
    Donavan Penton
    076 793 3493
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