Modern Office Investment

Modern Office Investment

AUCT-000663 | On Auction

213 Mathews Meyiwa, Stamford Hill, Durban, KwaZulu Natal


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Modern Office Investment, 213 Mathews Meyiwa (Stamford Hill) Road, Durban

Multi-tenanted with Gross Annual Income ± R1 219 000 | 24 On-site parking bays | Exquisitely finished

Location

213 Stamford Hill (Mathews Meyiwa) Road is located off Sandile Thusi (Argyle) Road in the commercial hub of Windermere / Stamford Hill. It should be noted that this property falls within the designated UDZ Zone and the tax benefit has already been lodged with SARS The area has good access to both commuter and transport routes and is in close proximity to all amenities. Surrounding activity comprises retail, including factory shops and professional/ commercial office premises

Accommodation Details

DESCRIPTION

The subject property comprises a double-story standalone building providing modern, well maintained office premises. There is on-site parking for 24 vehicles - 8 undercover bays and 16 open bays. The property is fully fenced and gated with a small front garden.

GROSS LETTABLE AREAS

Ground Floor: 170 m² + 109 m² ± 279 m²
1st Floor ± 344 m²
Total ± 623 m²

• 24 Parking Bays:
• 8 Undercover Bays
• 16 Open Bays

Estimated Annual Income

Income

Fahrenheit – Ground Floor ± 170 m²
R 24 668.18 (R145m²)
Expires – 31/8/2018

ICON3 Sixty - Ground Floor ± 109 m²
R 14 459.00 (R151 m²)
Expires – 30/6/2018

Haibo Trading (Landlord) - 1st Floor ± 344 m²
R 62 436.00 (R165 m²)
Expires - 28 /2/2020

Gross Monthly Rental
± R 101 563.18

Gross Annual Rental
± R1 218 758

Viewing: Thursday 10 May between 14h00 to 15h00

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

Commercial Type:
Office Space
Web Reference:
AUCT-000663
List price:
POA
Address:
213 Mathews Meyiwa, Stamford Hill, Durban, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
16 May 2018 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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DIRECTIONS
Auction Date: 16 May 2018 11:00 am

Introduced by:
Portfolio Property Investments

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