6 000 m² Office Space in Umhlanga Ridge

NEW DEVELOPEMENT - Position your business in Urban Corner, a proposed new mixed-use development in the growing Parkside precinct of Umhlanga.

The development is designed to accommodate office, medical and retail users, with excellent accessibility from the N2, M41 and surrounding Umhlanga business districts.

Key details:

Approximate total development size: 6,000 m²

Office floor: approximately 1,650 m²

Medical floors: approximately 1,735 m² per floor

Ground-floor retail opportunities

Approximately 203 parking bays shown on the current plans

Five loading bays shown on the ground-floor plan

Nett rental: R195m² per month

Covered parking: R1,050 per bay per month

Open parking: R900 per bay per month

Annual escalation: 7.5

Lease period: five years

Fit-out allowance: R1,000m² of usable office area

Construction period: approximately 16 months

Additional monthly building costs:

Municipal assessment rates: budgeted at R43.51m²

Building insurance: budgeted at R2.03m²

Park levy: budgeted at R2.13m²

The plans remain subject to design adjustment. Rentals, operating costs and parking charges are exclusive of VAT. The commencement date and final configuration are to be confirmed.

Contact Greg Harris to discuss your space requirements or arrange a private presentation of the proposed development.

Harris Commercial also offers a professional commercial rental-management service, assisting property owners with tenant management, rental collection and the day-to-day management of their investment properties.

Artist impressions are for illustrative purposes only, and the completed development may differ from the images.