Commercial Building In Berea Road

AUCT-000497 | SOLD

89 King Dinuzulu Road, Bulwer, Berea, KwaZulu Natal


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Fully Let Multi-Storey Commercial/Industrial Investment Building, 89 King Dinuzulu (Berea) Road, Durban

CORPORATE PROPERTY DISPOSAL

OPENING BID STARTING AT R12 MILLION

GLA: ± 5 171 m² | 7 Units | Gross annual income: ± R3 000 000 (including operational costs) | Fully let

This prominent corner landmark building consists of 7 industrial units ranging between ± 122 m² to ± 2 898 m² per unit and the property is fully let. The building is well maintained, and all building costs are recovered on a per m² ration.

The so-called Berea is located on a ridge above the city of Durban and runs down towards the CBD and it lies on its northern side and overlooks the city centre. It consists a rich history containing some of the oldest mansions in Durban, many of which have been converted into offices. It is near the N3 freeway off ramp and makes it a great location for any commercial business which promises hardly any vacancies.

Viewing: 15 August 2017 from 14h00 to 15h00

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

Commercial Type:
Commercial Building
Web Reference:
AUCT-000497
Final price:
POA
Address:
89 King Dinuzulu Road, Bulwer, Berea, KwaZulu Natal
Property Extent:
5171 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.
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