AUCT-001961 | SOLD

Docnor Medical Centre

Until Our Next Auction

2023-06-22 11:00:00
Docnor Medical Centre

Docnor Medical Centre. 35-39 Umhlanga Rocks Drive, Durban North

Extent: ± 2 192 m² | Multi-tenanted building | Easily accessible & high exposure | High income with low vacancies | Gross Annual Income: ± R2.6 Million | Ample parking

Durban North, KwaZulu-Natal


In2assets is pleased to present the Docnor Medical Centre – a multi-tenanted medically focused building that boasts a fantastic location on Umhlanga Rocks Drive, one of Durban's busiest roads.

Built in the mid-1990s, Docnor Medical Centre has established itself as a premier destination for medical practitioners and patients alike. The upper floor of the building houses a variety of medical professionals, ensuring that the centre remains a hub of activity for the local community. The ground, street facing units are tenanted by retail clients and a pharmacy.

With a solid Gross Annual Income of R3.2m p.a and exceptionally low vacancy rates, this medical centre has proven itself as a good investment providing a steady stream of rental income. The low vacancy rate and long-standing tenants provide a sense of security for investors looking to enter the healthcare industry.
But the benefits don't stop there. Docnor Medical Centre is also easily accessible to patients, thanks to its prime location. This ensures that the property remains in high demand and continues to generate significant rental income for investors.

The property has ample parkings spaces for tenants and patients alike. This property also offers a fantastic opportunity to redevelop the site, the prime location allows for a variety of potential uses.
Commercial Type:
Commercial Building
Web Reference:
AUCT-001961
Final price:
POA
Address:
35-39 Umhlanga Rocks Drive, Durban North, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe Country Club Estate
Mount Edgecombe
KwaZulu Natal
Auction Date:
22 June 2023 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

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Property Agent
Luke Hearn
                                        In2assets Representative

Luke Hearn

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lukeh@in2assets.com

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