CONTINUED STRONG DEMAND FOR INVESTMENT PROPERTY

One of the highlights of our Combined Property Auction on the 23rd of August to be held at the Durban Country Club is 76 Crompton Street, a prominent landmark...

CONTINUED STRONG DEMAND FOR INVESTMENT PROPERTY

One of the highlights of our Combined Property Auction on the 23rd of August to be held at the Durban Country Club is 76 Crompton Street, a prominent landmark, seven storey office and retail building in Pinetown, says Rainer Stenzhorn of In2assets, the national commercial property company with its Head Office based in Durban. The property consists of a mix of tenants and is almost fully let due to proper management by the current property management company.

This well maintained building boasts 7 floors and has a combination of offices and general service providers such as Insurance companies, accounting firms and real estate agents amongst others. The Pinetown CBD is surrounded by pockets of industrial nodes and offers quick and easy access to Durban and all major traffic routes surrounding Durban. The annual income of this building is currently R 3.2 Million and is therefore the ideal investment for a corporate or private investor, ends Stenzhorn.

Posted by In2Assets