Property 1 - 386 to 394 Peter Mokaba Ridge | 3 Adjoining erven | Combined Extent: ± 2 474 m² | 3 Buildings of A-Grade office space | ± 50 Onsite parking bays | Property 2 - 376 Peter Mokaba Ridge | Entire Sectional Title Scheme | Combined GLA: ± 843 m² | Upmarket office space | ± 25 Parking bays | Gross Annual Income: ± R1 Million
This property occupies a prime position on Peter Mokaba Ridge within the high demand suburb of Overport. This location enjoys easy access to the N3 and is positioned ± 3 km from the Durban Central Business District and bound by suburbs such as Bulwer, Berea, Musgrave and Essenwood.
Surrounding properties as well as those in the immediate neighbourhood comprises of upmarket freestanding residential dwellings and sectional title complexes, some of which that have been converted in commercial uses in particular along Peter Mokaba Ridge which is a high demand commercial road.
Property 1( 386 to 394 Peter Mokaba Ridge)
This property comprises of 3 Erven which have been notarially tied. These 3 Erven are 386, 390 & 394 Peter Mokaba Ridge).
386 Peter Mokaba Ridge is improved with an A Grade 4 storey office building. The lower ground, ground and first floor consist of a configuration of open plan offices, meeting rooms with ablution facilities and kitchenettes. The 2nd floor hosts a generously sized boardroom and a bar area with kitchenette and ablution facilities.
390 Peter Mokaba Ridge accommodates a 2-storey building. Both floors offer a variation of open plan and individual A grade office space serviced with Kitchenette and ablution facilities.
394 Peter Mokaba Ridge comprises of a 2-storey building with a basement level. The basement currently functions as open plan workspace while the first and second floor consist of a combination of open plan and individual office areas.
Externally the property offers a fully paved yard area with approximately 50 Parking Bays. The property is well secured with fencing on all boundaries as well as electric fencing at the rear. These properties also enjoy second entrance / exit onto Overport Drive.
Property 2 ( Sections 4 & 5 SS Three Seven Six Ridge Road)
These 2 sections make up the entire sectional title scheme known SS Three Seven Six Ridge Road. This sectional title scheme is made up of 2 buildings namely building 1 and building 2. Building 1 is made up of a large double storey building which accommodates a variation of office spaces on both the lower ground and ground floor. These office areas are serviced with kitchenette and ablution facilities. Building 2 is also a 2 storey building and consists of 2 offices a boardroom and open plan seating area on the Ground floor while the Lower Ground Floor consists of 1 office kitchen and ablutions.
The scheme also includes 2 exclusive use yard areas which total 736 m². These 2 exclusive use areas together with the common property located at the front of the building accommodate for the parking of ± 25 vehicles.
The properties’ location is within proximity to the Musgrave Shopping Centre, The Atrium (Overport City) and to the Glenwood SPAR Centre assists with the availability of all necessary amenities. There is an abundance of restaurants, banks, educational facilities, and other required services in the immediate neighbourhood.
These 2 properties will be offered both individually and as a combined lot.