Commercial space in Durban North

R 6 200 000

Luke Hearn

In2Assets Properties

Commercial space in Durban North

R 6 200 000

385 monty naicker street
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Gross building area: 1 152 m | Gross annual income: R 620K | 32 Residential units & Retail component | Within Warwick Avenue Triangle & opposite a taxi rank

This commercial building is positioned opposite a taxi rank in close proximity to the Warwick Avenue Junction. Zoned General Business with a bulk of approximately 1 152 m, this income generating property comprises of ground floor Cash & Carry, a Salon and 22 Rooms on the upper floor. The strong and reliable tenants are willing to sign 10 year lease agreements with buyers who are investors. This property is an ideal investment opportunity in a sought after area. This property is for sale on auction

The subject property falls within the Durban Central precinct, as per eThekwini's new Urban Development Zone (UDZ). This is one of nine new precincts demarcated within the greater central city, together forming the UDZ. The aim of creating this zone is to stimulate new investment and urban regeneration to the central parts of the eThekwini city, through tax saving incentives applicable to new development or building restoration.

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Luke Hearn

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Experience Durban North

Durban North is an established small suburb where the people are friendly, and the surroundings are beautiful. It is a family-oriented area with many activities available. Situated between Durban central and Umhlanga, all amenities and schools are located only minutes away. The area boasts spectacular sea and city views. Although it is centrally and conveniently located, living in Durban North feels very much like living in a small town.

Northwood Boys Secondary School in Durban North
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Commercial space in Durban North

R 6 200 000

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