Office Block with Blue Chip Tenant

AUCT-000346 | SOLD

2 Torsvale Crescent, La Lucia Ridge, La Lucia, KwaZulu Natal


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“A” Grade Office Block with Blue Chip Tenant, 2 Torsvale Crescent, La Lucia Ridge

GLA Extent: ± 2 033 m² | Blue Chip Tenant (Old Mutual) | Current vacancy: ± 838 m² | 50 Undercover parking bays | 20 Open visitor parking bays

Located on the north coast of KwaZulu-Natal, South Africa, some 20 km from the King Shaka International Airport precinct, the La Lucia Ridge Office Estate is internationally acclaimed and covers an area of 84 hectares. It comprises nine secure access-controlled parks namely Pencarrow, Frosterley, Torsvale, Cranbrook, Sinembe, Sunbury, Rydall Vale, Nollsworth, and Holwood. The development boasts high-profile tenants such as Unilever South Africa and Africa headquarters, Daimler Chrysler, BMD, Lexus Alexander Forbes, FNB, Deloitte, Illovo, Ernst & Young, Old Mutual and many more well-known brands.

Easy access to N2 and M4 Highways as well as shopping facilities such as Gateway Shopping Mall in walking distance to this building, makes this position a preferred workplace for many professionals.

Old Mutual is the main tenant in this building and this is how Old Mutual describes their Business:

“Old Mutual is the largest and most trusted financial services provider in Southern Africa. Our prominent position in the industry is reflected in our strong operating performance across all our businesses, our good balance sheet position, strong financial flexibility with demonstrated access to international capital markets and diversity of business. Our partnership with Nedbank and Mutual & Federal (M&F) - two sister subsidiary companies under the Old Mutual group banner in South Africa - enables us to offer a variety of financial products and services. These span investment, life assurance, asset management, banking, healthcare and general insurance. Our client base comprises of individuals, businesses, corporates and institutions. Old Mutual South Africa (OMSA) is a significant participant in the South African economy. Our product and service solutions consider what our clients need and deliver this through our collective skills, years of experience and our value-driven people.”

The property has a current vacancy of ± 838 m² which is the ideal opportunity for an end-user to acquire a secure investment.


Commercial Type:
Commercial Building
Web Reference:
AUCT-000346
Final price:
POA
Address:
2 Torsvale Crescent, La Lucia Ridge, La Lucia, KwaZulu Natal
Property Extent:
2033 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
06 December 2016 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
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