Commercial/Industrial Investment Building, 39 Magwaza Maphalala (Gale) Street, Umbilo
CORPORATE PROPERTY DISPOSAL
OPENING BID STARTING AT R11 MILLION
GLA: ± 4 400 m² | Gross annual income ± R2 700 000 (including operational costs)
The property enjoys 11 tenanted units of which are all fully let. The property is a multi-story building with its own underground parking with 13 parking bays. All the building costs are fully recovered from tenants based on a per m² cost proportion. The property forms a solid structure, is well maintained and the majority of the tenants are in this buildings for many years.
Situated a mere 2kms from the central business district and near the Durban harbour, Umbilo is one of the traditional commercial hubs of Durban ad an important location for the local industrial and commercial markets. The precinct consists of warehousing, workshops, commercial and retail sites.
Viewing: 13 September from 13h00 to 14h00
To participate in this physical auction each bidder has to follow registration procedures which can be obtained on this webpage