Well Positioned Multi Tenanted Office Building | Investor or End User Opportunity, 105 Gladys Mazibuko (Marriott) Road, Essenwood, Durban
Extent: ± 598 m² | GBA: ± 260 m² | Projected gross annual income: ± R 275 000 | Accommodation for 6 tenants | Excellent exposure
This property comprises 6 office units, communal kitchen, and common reception area, ablution facilities, store room, staff ablution, a single- lock up garage, garden area and paved parking area. The property is exposed to high levels of traffic being situated on Marriott Road, now known as Gladys Mazibuko Road. This is well maintained, neat building that currently accommodates 3 tenants. This building can serve and end user or has vacant units for 3 more tenants to serve an investor.
The property is located in the heart of Essenwood’s residential node, an upmarket suburb forming part of the greater Berea Township. It enjoys a sought after location close to most desired amenities and national tenants. The immediate neighbourhood enjoys a trendy ‘café culture’ atmosphere, which has become sought after amongst professional practices, creative orientated companies and media related businesses. This node is surrounded by upmarket residential properties.
Essenwood, the suburb within which the property is located, is a mixed-use area comprising mainly of residential and commercial uses. The busy Sandile Thusi (Argyle) (M17) and Umgeni (R102) Road interchange is located in close proximity to the property. The above-mentioned Roads access the Northern (M4) Freeway to the east and the N2 National Freeway to the west. The subject suburb of Essenwood is surrounded by Stamfordhill to the east and Greyville to the south, which is the sports hub of Durban, the residential suburb of Morningside to the north and Glenwood to the south. The central business district of Durban is approximately three kilometres south of the subject property.
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