539 m² Commercial space in New Town Centre

POA

Luke Hearn

In2Assets Properties

539 m² Commercial space in New Town Centre

POA

Address: 6 jubilee grove,ss 101, 115, 122 and 123 aldrovande palace
Floor Area 539 m²

URGENT DISPOSAL - Extents: 101: +/- 123 sqm 115: +/- 87 sqm 122: +/- 186 sqm 123: +/- 78 sqm + +/- 65 sqm office area | Prime location near Gateway | Individual units sold separately or combined

LOCALITY

The subject unit is set within a mixed-use scheme in the Umhlanga Ridge New Town Centre, known as Aldrovande Palace. This area is positioned towards the north western periphery of the Umhlanga New Town Centre behind the Gateway Theatre of Shopping and stretches to the N2 National Freeway near the proposed Cornubia Interchange from the N2. The Umhlanga Ridge New Town Centre is a bustling business environment, 15 minutes north of the Durban Central Business Centre and the Durban Harbour.

The location enjoys easy access onto a network of major roads, with the King Shaka International Airport 15 minutes north. The local vicinity is characterized by a mixture of retail, office and residential uses and has many modern and new amenities nearby. A large amount of development is still under construction. The town centre is surrounded by well-established residential and office nodes such as the La Lucia Ridge Office Estate. The nucleus of this node is the Gateway Theatre of Shopping which offers all necessary modern amenities.

Umhlanga Rocks Drive is easily accessible and provides easy access to the M4 Highway to the east. The M41 is also easily accessed, which continues westwards to the N2 National Freeway. The area is conveniently positioned between the N2 National Freeway and the M4 Metropolitan Road. Umhlanga Rocks Drive and the M4 provide easy access to the city centre.

Section 101 is on the first-floor and overlooks Jubilee Grove. Section 115 is on the first-floor and overlooks Millennium Boulevard. Sections 122, 123 is on the first-floor and to the rear of the building.

PRIMARY USE

Improvements to the parent property comprise a six-storey building with a basement level which incorporates a few shops and basement parking. The ground floor offers retail units, whilst the first floor has office suites. At first floor level is a common courtyard with a water fountain feature whilst the roof of the complex offers a communal swimming pool and ablutions. The remaining four floors comprise residential apartments. The various levels are accessed by way of a combination of lifts, escalators and internal staircases.

Section 101

The subject section is an office suite set on the first-floor level and measures +/- 123 sqm. It has been sub-divided by drywall partitioning to offer two separate office units measuring approximately +/- 58 sqm and +/- 65 sqm respectively. The units are set in the southern corner of the floor, close to the main escalator and lift and overlook Jubilee Grove. This Section is serviced by a ducted air-conditioning system and includes 2 allocated basement parking bays.

Section 115

The subject section is an office suite set on the first-floor level and measures +/- 87 sqm. The unit is set in the front elevation and overlooks Millennium Boulevard. The unit is rectangular in shape and offers an open office space whilst against the rear and one side of the suite are 3 private offices, a boardroom and a kitchenette. This Section is serviced by a ducted air- conditioning system and includes 1 allocated basement parking bay.

Section 122

The subject section comprises a rectangular office suite on the first floor which measures +/- 186 sqm. The unit is accessed from the first-floor common courtyard and is set at the back of the property. The unit has a rear open balcony running the length of the unit. The unit has been divided to offer four smaller suites of approximately +/- 46 sqm each. This Section is serviced by a ducted air-conditioning system and includes 3 allocated basement parking bays.

Section 123

The subject section comprises a rectangular office suite on the first floor which measures +/- 78 sqm and is accessed from the first-floor common courtyard and is set at the back of the property. This Section is serviced by a ducted air-conditioning system and includes 2 allocated basement parking bays. To the front of the unit is an 'Exclusive Use Garden Area' which measures +/- 65 sqm however, this area has been enclosed and forms part of the subject office which essentially offers two separate office suites of approximately +/- 71 sqm each. This area is not part of the Approved Plans.

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539 m² Commercial space in New Town Centre

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