Essenwood / Musgrave Commercial property for
R10,000,000.00
Essenwood, Durban Metropolis, Kwazulu Natal
Property Information
| CODE : | PP5167 |
| Asking Price : | R10,000,000.00 |
| Ownership : | Freehold |
Description
Available for sale these 3 individual properties to be sold together as 1 lot in the sought after Essenwood / Musgrave area. The properties have great road exposure and offer a possible re-development opportunity down the line.
The 3 Erven are made up as follows:
* 436m2 - Rates: 2900 pm - General Residential Zoning - FAR: 1
* 597m2 - Rates: 6912 pm - General Residential Zoning - FAR: 1
* 568m2 - Rates: 3110 pm - General Residential Zoning - FAR: 1
Current rental income is approximately R 77 000 pm and is made up of predominantly short term leases with long standing tenants.
Similar properties in the area have been further developed into blocks of flats, medical centers and retail nodes.
Contact Yianni to discuss further.
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Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.
