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Fully Tenanted Upmarket Office building In Southgate Business Park.

This secure sectional title double storey office building is located in a sought after business park, known for it's manned security and 24 hour access control.
In close proximity to the N2 freeway, shopping hubs, service stations, CBD and neighboring suburbs of Amanzimtoti.

The ground floor (160 sqm) has a main double door front entrance into a reception area with a separate single door side entrance. The board room and five offices are located along either sides of the passage from the reception area. The offices are semi furnished with mahogany desks, pedestals, office chairs and some art adorns the walls. There are conveniently placed toilets throughout and the ground floor also has a kitchenette.
The first floor (160 sqm) can also be accessed by the ground floor side entrance, comprising six offices a full kitchen and a walk in safe . The unit has 10 parking bays allocated. The unit is also fully tiled throughout and air conditioned. The offices range from approximately 8-28 sqm.

The building is currently tenanted by a marketing company that shows no intention of vacating and will probably renew when the 1 year lease ends in March 2019, 10% escalation. Rates; R4,230. Monthly levy; R1,800. Utilities (included in rental) Average out to R6,600 currently. A cap rate of 8%. Discreet viewing by arrangement please.

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
325m²
Land Size
6,200m²

Umbogintwini, Amanzimtoti

Amanzimtoti is a stunning seaside town on the KwaZulu-Natal coast, 25 kilometres to the south of Durban. Amanzimtoti is a popular town for real estate and property investors who are looking for a holiday house close to Durban or for the more affluent businessman who commutes to Durban daily. The greater Amanzimtoti area maps and links include Astra Park, Athlone Park, Doon Heights, Doonside, Ezimbokodweni, Illovo...
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Disclaimer: While every effort will be made to ensure that the information contained within the Seeff Property Group website is accurate and up to date, Seeff Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

35,387.84

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