Durban Investment Property FOR SALE: Office Building 1,492 sqm

Property Type: Commercial Development
Zoning: Office
Address: Lucas Road
Suburb: Hillcrest
Area: West of Durban CBD
Ownership: Sectional Title
ERF No: -

Property Description:
The office Park was developed some 7 years ago and is situated in the heart of Hillcrest in Lucas Drive, off Old Main Road. Hillcrest is a very well established, high income group, suburb which has in the past few years developed into a thriving commercial area with decentralized offices growing rapidly.

The design is of the building is modern and low maintenance. There is ample parking provided in the park like surroundings of the property.

The units FOR SALE are occupied by 2 Blue Chip tenants

Current Configuration (Size [sqm]):
The 3 000 m² office development consists of 16 sections of which 8 sections (2 Blocks) are available for purchase.
The available units comprise of
* 2 office blocks (1,492sqm) with 4 suites in each block
Block A
Suite 1 ground Level Office 164 sqm + Patio 7 sqm + Common Areas 18 sqm = GLA 189 sqm
Suite 2 ground Level Office 164 sqm + Patio 7 sqm + Common Areas 18 sqm = GLA 189 sqm

Suite 3 Upper Level Office 157 sqm + Patio 15 sqm + Common Areas 12 sqm = GLA 184 sqm
Suite 4 Upper Level Office 157 sqm + Patio 15 sqm + Common Areas 12 sqm = GLA 184 sqm
Block A TOTAL GLA 746 sqm

Block B
Suite 1 B ground Level Office 164 sqm + Patio 7 sqm + Common Areas 18 sqm = GLA 189 sqm
Suite 2 ground Level Office 164 sqm + Patio 7 sqm + Common Areas 18 sqm = GLA 189 sqm

Suite 3 Upper Level Office 157 sqm + Patio 15 sqm + Common Areas 12 sqm = GLA 184 sqm
Suite 4 Upper Level Office 157 sqm + Patio 15 sqm + Common Areas 12 sqm = GLA 184 sqm
Block B TOTAL GLA 746 sqm

Block A + B TOTAL GLA 1,492 sqm

Units can also be sold individually

Parking Bays: 56 Parking Bays

Sales Price:
* 1,492 sqm x R 14,745 /sqm = R 22,000,000
* 746 sqm x R 14,745 /sqm = R 11,000,000
* Suite 1 - ground Level Office 189 sqm x R 14,745 = R 2,786,863
* Suite 2 - ground Level Office 189 sqm x R 14,745 = R 2,786,863
* Suite 3 - Upper Level Office 184 sqm x R 14,745 = R 2,713,137
* Suite 4 - Upper Level Office 184 sqm x R 14,745 = R 2,713,137

Contact
Jacques Griessel
[m] + 270 - show phone - -912