Vacant Land in Morningside

AUCT-000125 | Property previously listed

Morningside, Durban, KwaZulu Natal


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Prime Development Property, 32, 34 & 36 Innes Road, Morningside, Durban

Extent: ± 2 400 m² | Platformed site | Lease in place with National Tenant | Gross annual income ± R 240 K | Proposed plans and feasibility studies completed for block of flats | Zoning: General Residential 2 |

This platformed site is positioned within a sought after area of Morningside, where vacant land is rare and little or no development sites are available. Proposed plans have been drawn up and feasibility studies complete for a block of residential flats. The site is currently leased by Kempster Ford and used as parking. The current rental per month amounts to approximately R 20 000. This lease expires in September 2016, however this national tenant would like to renew the lease thereafter.

Commercial Type:
Vacant Land
Web Reference:
AUCT-000125
List price:
Property previously listed
Address:
Morningside, Durban, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
02 December 2015 11:00 am



Auctioneer:
Andrew Miller
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 previously listed


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