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R65,000,000

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R97,850 Excl. VAT

Metropolitan Multi Tenanted Blue Chip Commercial Investment Property

This 4 storey, well maintained commercial investment property is home to a number of Blue Chip commercial tenants, in the heart of a thriving Ethekwini business district, well known for it's address and easy accessibility. Located across the road from the train station and opposite the local Home Affairs offices.

The building comprises low maintenance construction material and an update to the existing signage is on the cards.

Constituting a tenant mix of retail, office, warehousing and distribution space. Anchored by Massmart and Masterparts, with renewed leases for 2024 and 2023 respectively, and plans to extend for the latter into premises currently occupied by another.
Multiple tenants include a church, 2 x security firms, photographic studio, offices of Sheriff of the Court, a national printing company and Tupperware.
A new tenant will be taking occupation of another office space for a 3 year period in the retail interior decor sector from 01 October 2018. There is therefore minimal office space in vacant occupation at this sought after address.

GLA; 11,379 sqm.

Multiple loading area, access via boomed gate and ramps, high parking ratio. 24 hour security.
Food kiosk on premises.

Contact me for a complete sales brochure, rental roll and income and expenditure. Arrangements can be made to view discreetly by appointment.

Features

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0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
12,000m²
Land Size
8,129m²

Windermere, Durban

Windermere is a cosmopolitan suburb that is often confused with Morningside. Windermere is bordered by Innes Road in the North and West, Springfield and Sandile Thusi Road in the South and Umgeni Road in the East.  There are predominantly more sectional title complexes than freestanding houses in Windermere. The commercial nodes are centered around Lilian Ngoyi (formerly Percy Osborne) Road and the very trendy...
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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

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

858,979.79

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