Commercial Investment Property in Windermere, Durban

AUCT-001479 | SOLD

Commercial Investment Property in Windermere, Durban

192 Mathews Meyiwa (Stamford Hill) Road, Windermere, Durban, KwaZulu Natal

± 2600 m² Tenanted Commercial & Industrial Building. 192 Mathews Meyiwa (Stamford Hill) Road, Windermere

Extent: ± 700 m² | GBA: ± 2 600 m² | Approximately 70% occupied | Gross Annual Income: ± R 1 110 000.00 (including recoveries)


The property is situated within the upmarket suburb of Stamford Hill, surrounded by the suburbs of Windermere and Essenwood. Stamford Hill which is Durban’s sports hub is positioned west of the Umgeni and north of Greyville. The property is positioned at the corner of Silver Avenue and Mathews Meyiwa (Stamford Hill) Road approximately 200m from Sandile Thusi Road (M17) and approximately 350m from Umgeni Road.

This property comprises a 3 Storey Building plus a basement level. The basement level accommodates parking for ± 8 vehicles and comprises an open warehouse area. This level is accessed via Oldham Road which is at the rear of the building. The Ground floor fronts onto Stamford Hill Road and is split into two retail outlets. The first and second floors comprise of open warehouse area but have been structured to accommodate 2 tenants on each floor.

The building is serviced with a sprinkler system fitted to all ceilings including the basement. The building also has 1 x 15-person passenger lift and 1 X 1500 Kg goods hoist. The property can accommodate 8 tenants. However, it is presently occupied by 6 tenants and generates a gross annual income of ± R1 110 000.00 (Including Recoveries) The immediate surrounding community enjoys the close proximity to Stamford Hill Road and Florida Road cosmopolitan atmosphere.

Stamford Hill is a sought-after location for mixed use activities. Commercial nodes are established in the vicinity which are mostly geared towards retail, accommodation, offices, and restaurants. It is a built-up area, with numerous sectional title complexes and historic residential dwellings operating as commercial uses. The property enjoys easy access to the Central Business District of Durban. Musgrave Centre and Clifton Preparatory School are nearby.

Commercial Type:
Commercial Building
Web Reference:
AUCT-001479
Final price:
POA
Address:
192 Mathews Meyiwa (Stamford Hill) Road, Windermere, Durban, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
23 June 2021 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 23 June 2021 11:00:00am


Muhammad Ali
                                                         In2assets Representative

Property Agent


Muhammad Ali
Show number
[email protected]


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