AUCT-000454 | Property previously listed

Commercial Opportunity Along Umhlanga Rocks Drive

Until Our Next Auction
25 July 2017 | 11:00:00 am

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    2017-07-25 11:00:00
    Commercial Opportunity Along Umhlanga Rocks Drive

    Commercial Opportunity along Umhlanga Rocks Drive, 163 Umhlanga Rocks Drive, Durban North

    ± 241 m² GBA | Currently used as office space | On-site parking for approximately 11 vehicles | Two road accesses | End user opportunity

    Durban North, KwaZulu Natal


    Durban North is situated just north of the Durban city in the eThekwini Municipality. eThekwini Municipality was created in 2000, which includes the greater Durban area in KwaZulu-Natal, South Africa. Durban North lies between the N2 freeway and the eastern seashore, with the Umgeni River forming its southern boundary. Its residential suburbs are some of Durban's most affluent and elite and have maintained Its pedigree. Durban North is flanked by La Lucia in the north. Umhlanga Rocks Drive spirals along the Durban North and Umhlanga Ridge coastal ridge and joins the suburbs of Durban North, Glen Anil, Umgeni, La Lucia and Umhlanga. Business positioning in the aforementioned areas is in high demand.

    163 Umhlanga Rocks Drive is a Freestanding Corner House / Office Premises.

    Property Features Include:
    - The office currently seats 32 staff members
    - There are currently 2 boardrooms
    - A lovely reception area.
    - Tandem parking for 16/17 cars safely on the premises
    - Improved security and electronic gate access.
    - Slam lock security doors on each exit and entrance
    - Trellidoors on all 3 sliding glass doors.
    - Newly installed flooring and carpets.
    - Air conditioning in all 10 offices
    - Recently replaced DB board to cope with the extra office plugs
    - The property has fibre and a built-in conversion to generator power.
    - Established neighbourhood watch

    The Municipal rates category is Business and Commercial with usage for Retail, Offices, Entertainment and Restaurant. A town planner has been appointed and is attending the official rezoning. The seller has recently submitted papers for a commercial conversion on the recommendation of the council and town planner.

    There is a potential to create income by renting out the lower offices as they have their own parking and entrance.

    To participate in this physical auction each bidder has to follow registration procedures which can be obtained on this webpage
    Commercial Type:
    Office Space
    Web Reference:
    AUCT-000454
    List price:
    Property previously listed
    Address:
    163 Umhlanga Rocks Drive, Durban North, KwaZulu Natal
    Property Extent:
    ±241 m2
    Auction Venue:
    Durban Country Club
    Isaiah Ntshangase Road
    Durban
    KwaZulu Natal
    Auction Date:
    25 July 2017 11:00 am



    Auctioneer:
    Auction Terms and Conditions:
    R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.

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    Property Agent
    Carl Kleinhans
                                        In2assets Representative

    Carl Kleinhans

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