SHOWING LISTING 1 OF 1
 
GET EMAIL
ALERTS

R8,750,000

1,493m² Building For Sale in Umbilo

Features

16
12
Title:
Freehold
Zoning:
Industrial
Interior
Power 3 Phase
Yes
Exterior
Security
No
Carports / Parkings
28
Sizes
Floor Size
1,493m²
Land Size
1,434m²
Extras
Covered Parking 16 and Open Parking 12 Current Rent R151 290 pm. This is inflated. Current Tenants. GVK Siya Zama Building Contractors (Pty) Ltd - R133 100-00 pm expires 31-08-2018 Gordon Verhoef & Krause (Owners) (Pty) Ltd - R18 190-00 pm expires 31-12-2018 Total R151 290-00 pm Current return 18%! We could negotiate a new lease, 3 to 5 years at a lower rate, reducing the return to around 12% in year 1?

In the news

Cornubia Shopping Mall in Durban set to open Sep 2017
Shoppers in the well-established north coastal development corridor of Durban will soon be spoilt for choice. Set to open in September 2017, the 85 000sqm Cornubia Shopping Mall is rising from the old...
 
  • 1
 

Get Email Alerts

Sign-up and receive Property Email Alerts of Buildings for sale in Umbilo, Durban.

Disclaimer: While every effort will be made to ensure that the information contained within the Maxprop website is accurate and up to date, Maxprop makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

You currently have no favourites.
Click on the favourite icon for a property to add it to your favourites.