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