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.
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