Fully Let Investment Property In Berea

AUCT-000494 | SOLD

Fully Let Investment Property In Berea

9-11 Currie Road, Musgrave, Durban, KwaZulu Natal

Fully Let Investment Building, 9/11 Currie Road, Musgrave, Durban

CORPORATE PROPERTY DISPOSAL


OPENING BID STARTING AT R2.4 MILLION

GLA: ± 380 m² | Fully let | Gross annual income: ± R550K (including operational costs)

This property consists of four individual units on two levels and are each occupied with one tenant each. All costs on the property are fully recovered.

Musgrave is a cosmopolitan suburb on the Berea. The Berea is a ridge above the city of Durban, KwaZulu-Natal, South Africa on the northern side which overlooks the city centre and the Indian Ocean. Some of the oldest mansions in Durban were built in this once forested area. Today, many of these have been converted into offices or made way for apartment buildings. The two main areas of the Berea are Musgrave and upper Glenwood which are separated by the N3 Western Freeway highway which leads into the city centre.

Viewing: 15 August 2017 from 14h00 to 15h00

To participate in this physical auction each bidder must follow registration procedures which can be obtained on this webpage


Commercial Type:
Commercial Building
Web Reference:
AUCT-000494
Final price:
POA
Address:
9-11 Currie Road, Musgrave, Durban, KwaZulu Natal
Property Extent:
±380 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
23 August 2017 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.

Bidding opens in


Auction Date: 23 August 2017 11:00:00am


Rainer Stenzhorn
                                                         In2assets Representative

Property Agent


Rainer Stenzhorn
0823211135
[email protected]


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