Office For Sale in Durban North

R45,000,000

Web Ref No KSY28854

Opportunity to own this iconic landmark complex

First time on the market in Durban North.

Commercial complex available which includes 5 exceptionally well maintained standalone double story face brick buildings available for Sale on one site over 4 Erfs.

2 x Blocks of 568 m2 each and 3 x Blocks of 928 m2 each. Each block has individual security access. On site tenant parking plus ample visitors parking. 24 hour security in place with manned boom access to the complex. External store rooms available.

Long standing tenants in place with only approximately 29% vacant in this always popular complex. Average rental rate R164m2 plus parking increasing annually between 7 & 9%.
Present income R6 000 000 pa with financials available on request. Price excludes Vat.

This is a must for the savvy investor who is looking for long term financial income stability and great returns.

For more information and viewing make your appointment now to avoid disappointment.