Fully Let Historical Office / Retail Block, 251 Mahatma Gandhi (Point) Road, Durban
Complete 6 Section title block | GLA: ± 2 000 m² | Gross annual income: ± R 1 511 589 | Newly renovated | 60 Parking bays
This property offers a great opportunity to both the end user as well as an investor. The building has recently undergone a major revamp with a new roof, complete repaint inside & out, new carpets & an upgrade on certain air conditioning units. It is one of the few properties in the area with can accommodate 60 parking bays.
The property is currently fully let, with some of the tenants having monthly leases. This is ideal for an end user to occupy the space or to commit these tenants to longer term leases.
The subject property falls within the Durban Central precinct, as per eThekwini’s new Urban Development Zone (UDZ). This is one of nine new precincts demarcated within the greater central city, together forming the UDZ. The aim of creating this zone is to stimulate new investment and urban regeneration to the central parts of the eThekwini city, through tax saving incentives applicable to new development or building restoration.