Commercial Office Building In Durban North

Commercial Office Building In Durban North

AUCT-001060 | On Auction

63 St Andrews Drive, Durban North, KwaZulu Natal


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Commercial Office Building In Durban North, 63 St Andrews Drive, Durban North

Extent: ± 1 189 m² | Commercial offices | Sought after commercial address | A grade offices | Secure property | Investment property | Gross annual income: ± R876K | GLA: ± 611 m² Inclusive of container

LOCALITY
The property is located within the suburb of Durban North in the Broadway Precinct. Broadway is a popular
commercial node.

Many of the surrounding residential properties have been re-developed to offer office accommodation, whilst some upmarket residential dwellings still exist.

This commercial node is well established and a sought-after location as it caters predominantly for the middle - upper income sector. Furthermore, there is a good variety of businesses ranging from retail shops, banks, restaurants, doctors and offices.

Access to the property is from St Andrews Drive which is off Swapo (Broadway) Road, which offers direct access to the M4 Metropolitan route to the east and Umhlanga Rocks Drive to the west. Umhlanga Rocks Drive and the M4 extend north towards Umhlanga Rocks and south into the Durban City Centre.

The property is well positioned next to Standard Bank and receives excellent exposure. There are many schooling facilities within the area, including Northway Primary; Northlands Girls High and Northwood Boys High. Most desired amenities and public services are within walking distance from the property.

PRIMARY USE
The subject property is ideally situated in the Broadway precinct of Durban North and fronts onto St Andrews Drive. The property comprises two separate buildings, both are accessed via the same electric gate. Each building is a double storey and the properties are made up of multiple tenants. The buildings are both fully tenanted.

There is ample parking space on site with 26 bays and the entire parking is made up of a tarred area with some undercover bays.

Rear Building

This property is made up of three tenants.

The ground floor comprises 3 individual offices, 1 kitchenette, ablutions, and 4 air conditioner units. One tenant occupies the ground floor.

The first floor is made up of two tenants. The majority of the offices are made with dry-walling and can be reconfigured.

Office 1 comprises of a reception area and an open plan office area, there is one individual office area and one well sized boardroom, there is also a kitchenette. The entire office is carpeted. The office also has 5 air conditioner units which belong to the property.

There are two ablutions on the first floor.

Office 2 comprises a large reception area and 3 offices. There are 4 air conditioners in total.

Front Building

The first floor of the front building is tenanted by Andrew Inc. The unit is made up of a bar and lounge area, three large individual offices, a front reception, 1 small office, suspended wooden flooring, ducted air-conditioning, 1 large boardroom, a kitchenette and ablutions.

The ground floor is also currently tenanted and comprises a front reception, kitchenette, ablutions, an open plan office area, 2 individual offices and 4 air conditioners.

The property is well secured and has electric fencing around the perimeter.

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

Commercial Type:
Commercial Building
Web Reference:
AUCT-001060
List price:
POA
Address:
63 St Andrews Drive, Durban North, KwaZulu Natal
Property Extent:
1189 m2
Auction Venue:
The Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
24 October 2019 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: 24 October 2019 11:00 am

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