Sole Mandate! Mixed use tenanted investment for sale.
This property zoned general commercial located on South Coast Road offers an excellent tenanted investment purchase opportunity!
- Generating high income over R150 000 per month - Lease in place for the Supermarket for 10 years (4 years into the lease), the tenant is long standing with a prior lease of 14 years. Escalation at 10%. - Building compromises of 55 rooms on the first floor. On the ground floor is a Supermarket, Tyre Shop and 4 rooms, café and a takeaway. - Rates approx. R10 000 per month - Floor size 1612sqm - Land size 806sqm
Originally called Rio de Natal by Vasco d Gama when he visited in 1497 Durban later received its name from a governor of the Cape Colony named Sir Benjamin D'Urban. Durban is a cultural melting pot of diversity, ethnicity and top-class cuisine that represents culinary influences from around the world. Located on the northeast coast of South Africa and being the biggest port, Durban is the heart of Kwa-Zulu...
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