Prime Show room space to Let in Gateway

PROPERTY FACT SHEET:
•The property comprises 2 showrooms, situated on the corner of Meridian and Zenith Close, Gateway, Umhlanga , a prime location in the heart of the Umhlanga Ridge precinct and Umhlanga ‘Motortown’.
•The property is situated in the heart of all your motor dealerships and in walking distance to 2 major shopping malls namely Gateway and The Crescent.
•There is an arrangement in place with Illovo/Umhlanga Ridge Management Association for 24 reserved parking bays (13 basement and 11 open parking bays).

THE PREMISES:
The property has 2 showrooms, with a total usable area of 1,335m2, broken down as follows;
Showroom 1 (prime section on the corner of Meridian/Zenith Close)
• Showroom/Offices: 480m2
• Mezzanine/Workshop: 245m2

Showroom 2 (excellent exposure off Meridian Close)
• Showroom:505m2
• Offices/staff facilities: 105m2

Monthly Rental (Excluding VAT, utilities andmaintenance) : R250,000-00
calculated as follows;
1. S/room 1 - ground floor area measuring 480m2
2. S/room 1 - mezzanine level offices/workshop area measuring 245m2
3. S/room 2 - ground floor area measuring 505m2
4. S/room 2 - mezz/level offices/ablutions measuring
5. Open parking (for vacant area) – 11 @ R400-00 each
6. U/cover/Basement parking – 13 @ R500-00 each

Lease – 5 Years
Escalation – 8%
Deposit – 2 Months of the Last Years Rental