R 40 000 000
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Office space in Somerset Park

2 torsvale crescent
1917 m²

FOR SALE -Umhlanga Ridge Fully tenanted 1 979 sqm Commercial Property R40 000 000. This free standing building is situated in a prime position with good signage opportunities onto the busy Armstrong Avenue.The property is in a secure gated office park with boom access control ,24 hour guards.and electric perimeter fence.

The building is 75% let. The entire 1st floor is let to a blue chip tenant who has a 10 year lease expiring 2027. Suite 1 ground 426sqm vacant, Suite 2 562sqm let with a 5 year lease in place until 30/4/2028. The offices are in excellent condition and are fully air conditioned. 60 basement parking bays and 30 open parking. The gardens are landscaped and well maintained. This is a great investment opportunity and a rare find at R20 000/sqm.

Property details

  • Listing number T3106862
  • Property type Offices
  • Erf size 1917 m²
  • Rates and taxes R 66 451
  • Levies R 18 400

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