Umhlanga Rocks Investment

AUCT-000795 | On Auction

302 Beacon Rock, 21 Lighthouse Road, Umhlanga Rocks, Durban, KwaZulu Natal


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Umhlanga Rocks Investment, Unit 302 Beacon Rock, 21 Lighthouse Road, Umhlanga

Extent: ± 269 m² | Gross Annual Income: ± R 550K | Blue Chip Tenant | ± 75 m² Exclusive use terrace | 10 Parking bays

PROPERTY LOCALITY

The subject unit forms part of the scheme known as SS “Beacon Rock”, a sectionalised mixed use building which is located in Umhlanga Rocks. “Beacon Rock is situated at number 21 Lighthouse Road.

The subject sectional title scheme is situated towards the northern periphery of the Village of Umhlanga,
which forms part of the greater Umhlanga Township. It is essentially a coastal suburb which is bisected by the
M4 Metropolitan Road or what is known as the ‘Ruth First Highway’. The subject scheme is on the eastern
side of the M4, enjoys beach frontage and is approximately 14 kilometres north of Durban City. It is considered one of South Africa’s most sought after node.

There are upmarket residential developments within the area, such as ‘The Pearls of Umhlanga’. The area is
characterised by upmarket sectional title complexes interspersed with upmarket freehold dwellings.
Amenities such as The Gateway Theatre of Shopping, La Lucia Business Park and the Sibaya Casino are all
within a 10 minute drive, whilst the Umhlanga Village is within walking distance. The village of Umhlanga is
also a popular holiday destination with many high rise hotels fronting onto the popular beaches. The
Umhlanga Village has all the necessary modern amenities, such as doctors, dentists, banks, supermarkets, pharmacies and restaurants. The King Shaka Airport is approximately 20 kilometres north.
Lagoon Drive leads from Umhlanga Village parallel to the beach promenade and links to the M4 freeway. The
M4 provides direct access to the Durban City Centre and the Kwa-Zulu Natal North Coast.

PRIMARY USE

The property consists of a ± 269 m² upmarket office suite, a ± 75 m² exclusive use terrace as well as 10 allocated parking bays. The property is situated on the 3rd floor at the Southern end of Beacon Rock, which is highly visible from the surrounding roads and buildings. Beacon Rock itself consists of a mix of retail, commercial and residential properties and is one of the more sought after addresses in Umhlanga.
The property is currently occupied by ‘blue chip’ tenants, who are part way through a 2 year lease. The parent property is subject to various servitudes as per the SG Diagrams below. We have been advised that the Lot Owners Association NPC as mentioned in the title deed, is inactive.

Accommodation Details
The approximate GLA is as follows:-
Section 302 – Area of Internal Office: ± 242 m²
Raised Wooden Deck: ± 27 m²
Exclusive terrace area: ± 75 m²
Total: ± 344 m²

Durban is the largest city in the South African province of KwaZulu-Natal and the third most populous in South Africa after Johannesburg and Cape Town. It is also the second most important manufacturing hub in South Africa after Johannesburg. Located on the east coast of South Africa, Durban is famous for being the busiest port in the country. It is also seen as one of the major centres of tourism because of the city's warm subtropical climate and extensive beaches.

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Commercial Type:
Commercial Building
Web Reference:
AUCT-000795
List price:
POA
Address:
302 Beacon Rock, 21 Lighthouse Road, Umhlanga Rocks, Durban, KwaZulu Natal
Property Extent:
269 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
21 November 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: 21 November 2018 11:00 am

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