AUCT-002434 | On Auction

Office Suite, Westville

Until Our Next Auction
18 March 2025 | 11:00:00 am

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    2025-03-18 11:00:00
    Office Suite, Westville

    OPENING BID: R3 MILLION - Office Suite, Westville. Section 5 The Summit, 2 Derby Place, Derby Downs Office Park, Westville

    Extent: ± 611 m² | High-end office park | Good investment and end-user opportunity | Current Gross Annual Income: ± R380K | Potential Gross Annual Income: ± R1 Million | 24 Parking bays

    Westville, KwaZulu-Natal


    Locality:
    Located in the secure and well-maintained Derby Downs Office Park, this sectional title office offers excellent accessibility in the sought-after business hub of Westville. With direct access off the M13 highway, it connects seamlessly to major routes, including the M19, M7, N3, and N2, with King Shaka International Airport just 39km away. The Durban CBD is 11km inland, while Durban Harbour is 20km away.

    Nearby businesses include Lomas-Walker Attorneys and the Spur Corp Group headquarters at The Summit complex. Westwood Mall is less than 1km (3 minutes) away, and the property is close to UKZN Westville Campus and top schools. This prime location ensures convenience, excellent connectivity, and proximity to key amenities.

    Property Layout:
    This property offers spacious sectional title office accommodation on the first floor of Building 4 in the Summit Sectional Title Complex at Derby Downs Office Park, located in Westville. The office park provides a secure and peaceful working environment, with on-site security guards and a single entrance/exit for added safety, making it a popular choice for commercial offices in the area.

    The entire first floor of Building 4, known as Section 5, spans 611m² and is divided into two office wings, each with its own staircase access from separate ground-floor entrances.

    Wing 1:
    This wing is currently vacant and offers flexible options for occupancy. It can be used by a single tenant or divided into 2 or 3 separate tenant spaces with shared ablution facilities and kitchenette. The layout includes 3 individual offices, an open-plan office area with 3 enclosed offices, and another open-plan office with 2 enclosed offices. Additional features include a storeroom, male and female ablutions, a kitchenette, a server room, and an air-conditioned room.

    Wing 2:
    This wing is occupied by The Church of Jesus Christ of Latter-Day Saints in South Africa. It consists of 2 enclosed offices, a large office, storeroom, male and female ablutions, kitchenette, and an air-conditioned room.

    The offices are air-conditioned, carpeted, and feature recessed ceilings, as well as aluminium-framed windows and doors. A balcony runs along the rear section of the property.

    The unit includes 24 allocated parking bays—5 open parking bays and 19 basement parking bays. The yard is paved with interlocking bricks, landscaped gardens add to the appeal, and a manned guardhouse enhances security.

    The unit includes 23 allocated parking bays—5 open parking bays and 18 basement parking bays. The yard is paved with interlocking bricks, landscaped gardens add to the appeal, and a manned guardhouse enhances security.
    Commercial Type:
    Office Space
    Web Reference:
    AUCT-002434
    List price:
    POA
    Address:
    Section 5 The Summit, 2 Derby Place, Westville, eThekwini Metropolitan Municipality, KwaZulu-Natal
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    18 March 2025 11:00 am



    Auctioneer:
    Andrew Miller
    Auction Terms and Conditions:
    R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required

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    Property Agent
    Marco Forno
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    Marco Forno

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    mforno@in2assets.com

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