4469.24 m² Commercial space in South Beach

R 37 000 000

Neville Hewett

Mafadi Property Management

4469.24 m² Commercial space in South Beach

R 37 000 000

Address: 29 wavecrest, 29 gillespie street
Floor Area 4469.24 m² Rates R 22776

This Prime property situated in South Beach boasts an 86 unit residential portion as well as 230sqm of newly renovated retail space. With a monthly rental income of R429 000 and 7% escalations being achieved this is a great asset, not to be missed! This property is located on a busy street with passing foot traffic. It is near the Wheel shopping centre.

Residential rental is broken up as follows:

43 Smaller 1 bedroom units R179 439 per month

43 larger 1 bedroom units R197 800 per month.

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Experience Durban Central

Durban Central is a diverse, colourful neighbourhood that includes the beachfront areas, the Berea, Morningside, Glenwood, Musgrave and the CBD. The beach is the biggest attraction and locals flock the promenade to cycle, run, surf, swim, fish or just catch some sun. There are also incredibly lush parks and open spaces dotted around the neighbourhod for residents to take advantage of. The nightlife in Durban Central is exciting with numerous bars, pubs, restaurants and night clubs in close proximity to each other. As its name implies, Durban Central's location makes it convenient to get to any of the other areas around Durban.

Find out more about Durban Central

4469.24 m² Commercial space in South Beach

R 37 000 000

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