Prominent Office Building Opposite Musgrave Shopping Centre, Durban

AUCT-000655 | SOLD

Prominent Office Building Opposite Musgrave Shopping Centre, Durban

123 Stephen Dlamini Road, Musgrave, Durban, KwaZulu Natal

Musgrave Office Building, 123 Stephen Dlamini (Essenwood) Road, Musgrave, Durban

Estate Late Colen James Garrow

Masters Reference Number: 026205/2017

Extent: ± 457 m² | 4 Lettable units/partially let | GBA: ± 176 m² | Ample on-site parking

This prime property consists of a 2 storey office building with a GBA of ± 176 m². The ground floor is made up of a large office with kitchenette and both standard and paraplegic ablution facilities. The ground floor can accommodate 2 tenants. The first floor comprises of three neat offices. The current gross potential annual income on all lettable units is ± 250K

The property is well situated in the suburb of Musgrave, directly opposite the popular Musgrave Shopping Centre. The Musgrave area is one of Durban’s upmarket areas which forms part of the greater Berea region. The property is set close to the N3 National Freeway, which offers direct access to the Durban Central Business District and connection to the N2. The surrounding area is characterised by retail and office accommodation. Musgrave is considered one of the most sought-after locations within the greater Berea region and the area surrounding the subject property is of high demand and has good occupancy levels. Redevelopment is a common sight in these areas. The property is well appointed with regard to location and is in close proximity to all necessary amenities such as public transport facilities, schools; institutional centres; entertainment and shopping centres.

To participate in this physical auction each bidder has to follow the registration procedures.

Commercial Type:
Commercial Building
Web Reference:
Final price:
123 Stephen Dlamini Road, Musgrave, Durban, KwaZulu Natal
Property Extent:
±457 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
KwaZulu Natal
Auction Date:
16 May 2018 11:00 am

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: 16 May 2018 11:00:00am

Muhammad Ali
                                                         In2assets Representative

Property Agent

Muhammad Ali
Show number
[email protected]

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