Newly renovated commercial zoned property with a high-income tenant.
Located in a strategic position in the suburb of Montclair, this property lends itself to retail and commercial operations.
• Lease in place for 5 years with option to renew (currently in year 2) with an annual escalation of 7% • High yield on offer at approx. 12% • Property has just had extensive renovations • Land Size 1666sqm • Property is 658sqm • The property offers two entrances and good security • Ample yard/parking space • Ablutions and kitchenette as well as mezzanine level offices • Rates per month R7879.51 • 3 phase power / 500Amps
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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