AUCT-002155 | On Auction

High Exposure Commercial Property

41 Adelaide Tambo Drive, Durban North, eThekwini Metropolitan Municipality, KwaZulu-Natal

High Exposure Commercial Property. 41 Adelaide Tambo Drive, Durban North

Site Extent: ± 1 269 m² | GBA: ± 300 m² | Over 20 parking bays | Excellent exposure | Gross Annual Income: ± R760K

Well-positioned on 41 Adelaide Tambo Drive in Durban North, just 2 doors away from the Kensington Square Shopping Centre, with great exposure to high levels of passing trade, this commercial property currently comprises of medical offices.

The property falls within the Broadway precinct and enjoys the status of a neighbourhood shopping and convenience node catering to the middle to upper income residents.

The property is on a land size of 1 269 m² and is secure, fully-fenced with automated gate access, and flood lights.

The property currently generates a monthly income of just over R63 000.00 (excluding Vat).

The medical offices are supported by a configuration of other individual and open plan offices used as consulting rooms with the kitchenette, ablution facilities and reception areas.

There is ample space for parking at the front and rear of the property. The property provides ± 6 parking bays at the front utilizing some of the garden area, and ± 14 parking bays at the front and rear yard.

Additionally, there is a purpose-built rear building used as medical offices generating further income, as well as a storage room and ablution facility.

The property is in a neat, well-maintained condition.

It should be noted that all Movable Assets situated within the property, some of which include the furniture, equipment, machinery, medical equipment and chairs, compressors and generators are specifically excluded and do not form part of the sale of the property.

The air-conditioners in the offices, the flood lights at the exterior of the property, the automated gate motor, the alarm system and CCTV Camera system are in working order and will form part of the sale of the property. A CCTV Camera needs to be replaced by the Purchaser.

The intercom access system is in working order however a new hand set is required which the Purchaser is required to obtain. It should be noted that the alarm system within the purpose built rear building belongs to the tenant and is specifically excluded from the sale of the property.

Fire extinguishers on site have been serviced.

The property underlies AMAFA Regulations.

The property enjoys excellent exposure on Adelaide Tambo (formerly Kensington) Drive, 75m from the Kensington Square Shopping Mall, 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 and some used for commercial activities, whilst upmarket residential dwellings still exist. This commercial node is well-established and a sought-after location as it caters predominantly for the middle to upper income sector. Furthermore, there is a good variety of businesses ranging from professional services to retail shops, banks, restaurants, doctors and offices.

Access to the property is via Adelaide Tambo Drive which links to Swapo (Broadway) Road which is a mere 230m away from the property. Swapo Road 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.

There are many schooling facilities within the area, including Northway Primary; Northlands Girls High and Northwood Boys High as well as Chelsea Preparatory School. Most desired amenities and public services are within walking distance from the property.

Commercial Type:
Commercial Building
Web Reference:
List price:
41 Adelaide Tambo Drive, Durban North, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
15 February 2024 11:00 am

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: 15 February 2024 11:00:00am

Virend Deonarain
                                                         In2assets Representative

Property Agent

Virend Deonarain
Show number

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