Exclusive Mandate - Stunning 3 920 sqm Commercial Property Complex For Sale in Durban North R48 000 000. First time on the market - This office complex comprises 5 standalone face brick double storey office blocks in excellent condition in a secure office park and situated in central Durban North. Face Brick, in excellent condition and well maintained with landscaped gardens.
Security house at gate with boom access and 24/7 guards.
The property is fully walled and has electric fencing all round.
The property is 7 440 sqm and the 5 office blocks have a gross lettable area of 3 669sqm.
183 parking bays (76 tandem u/c bays and 107 open bays. Plenty of parking. 3 x 2 storey blocks of 928sqm each. 2 x 2 storey blocks of 568sqm each. Each block has secure entrances from the parking areas and u/c tandem parking bays. Each block has 2 office areas on ground floor and 2 offices areas on the 1st floor. Carpeted or tiled. 2 x ablutions on each floor. Airconditioned. First time on the market
External storerooms available. Long standing quality tenants in place average rental R164/sqm. Annual escalation 7 and 8%. The entire property is fully let at a gross monthly income of in excess of R600 000pm. Yield 10.15% pa. This is a great investment opportunity.
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