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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.

Features

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0
Zoning:
Commercial
Interior
Power 3 Phase
Yes
Exterior
Security
No
Extras
Roof: Tile

Durban North, Durban North

It's cosmopolitan, its sophisticated it's trendy, it's Umhlanga - the leisure capital of Ethekweni. From the Umgeni River to luxurious La Lucia is Durban North, a grand timeless suburb with beautifully lush greenbelts, parks, and tree-lined streets.  Mount Edgecombe is home to some of the most secure, upmarket residential estates. These 3 areas are closely located, enabling residents to enjoy every...
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Disclaimer: While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa 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

639,132.57

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