AUCT-001630 | On Auction

A Grade Office Space in Westville

Until Our Next Auction
21 April 2022 | 11:00:00 am

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    2022-04-21 11:00:00
    A Grade Office Space in Westville

    OPENING BID: R5 Million - A Grade Office Space in Westville. Section 2 (Block B) Surrey Park, 6 Barham Road, Westville

    Extent: ± 989 m² | Located in secure complex | Partially Tenanted | Gross Annual Income (Including Recoveries): ± 465 K | ± 34 Parking Bays

    Westville, KwaZulu Natal


    This A Grade Sectional Title office block is situated within an office complex known as Surrey Park. The scheme is located on the corner of Barham Road and Essex Terrace. Essex Terrace runs parallel to the M13 Highway / King Cetshwayo Highway in Westville.. Both vehicular and pedestrian access is obtained from Barham Roads. The N3 Freeway is easily accessed via St James Road at the west or via the M10 at the east.

    The area is a mix between residential and office buildings with the well-known Westville Village Market and Westwood Shopping Mall being in close proximity. The node comprises A-grade office buildings and upmarket residential sectional title complexes and dwellings.

    This upmarket office block comprises of 2 floors of office space. The ground floor has been structured to accommodate 2 units. This level comprises of a large entrance foyer which allows each tenant individual access to their units. Internally the units comprise of a combination of individual and open plan offices with a kitchen, pause area with male and female ablutions.

    The first floor is currently vacant and comprises of ± 10 Individual offices created with drywall partitioning a kitchen / canteen area, with male and female ablutions.

    The sectional title unit has a total extent of 989 m². The units are well finished with ducted air conditioning, carpet flooring and suspended ceilings with fluorescent lighting. The property is currently partially tenanted and generates a gross monthly income of R 774 000.00 (Including recoveries)

    The suburb of Westville is situated 20 km inland from the Durban city centre and forms part of the eThekwini Metropolitan Municipality, which also includes Durban. Westville is central to several main townships including Morningside, Pinetown and Durban Central. All modern day amenities are found within close proximity.
    Commercial Type:
    Office Space
    Web Reference:
    AUCT-001630
    List price:
    POA
    Address:
    Section 2 (Block B) Surrey Park, 6 Barham Road, Westville, KwaZulu Natal
    Auction Venue:
    Mount Edgecombe Country Club
    Mount Edgecombe Country Club Estate
    Mount Edgecombe
    KwaZulu Natal
    Auction Date:
    21 April 2022 11:00 am



    Auctioneer:
    Auction Terms and Conditions:
    R 50 000 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

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