Brand new a-grade front line office building for sale or lease

Posted On Thursday, 08 October 2009 02:00 Published by eProp Commercial Property News
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Alliance Group is bringing to the market one of Riverhorse Valley’s frontline office buildings. This four-storey office building is located in the Riverhorse Business Park which is just off the N2. Well located north of Durban and just off Inandi Drive, this A-Grade office block is a perfect end-user or investor opportunity. The business park is conveniently located between Durban City Centre and Umhlanga Ridge and has grown at an enthusiastic rate over the last five years.

Property-Housing-ResidentialThe building has four storeys, contemporary finishes, 94 covered parking bays, 21 open parking bays and balconies. This is vacant occupation and offers a gross building area of 4100m2 and lettable area of 3400m².

It has excellent exposure to the N2 and is built alongside the landscaped Umhlangane River which provides great views from the balconies. In the neighbourhood you will find the offices of MTN, Glenrand MIB, Mercedes Benz, Southeys, 3663, Unitrans, Castrol, Canon, Konica, Parmalat, RTT, Midas, The Natal Witness, Barlow World to name a few. The EThekwini Hospital and Heart Centre is also situated in the Riverhorse Business Park.

Currently, there are two options on the sale. The purchaser may buy the property with vacant occupation or with the option to lease. The option to acquire a lease on auction is done regularly in other countries such as Australia, but as far as the Alliance Group is aware, this has never been offered in South Africa in this format. Potential tenants can attend the auction and bid on a rate per square meter that they would be prepared to pay for a floor or the entire building. This rate would include the parking bays. The remaining terms and conditions of the lease have been predetermined and are available from James Jonsson.

 

Last modified on Wednesday, 11 June 2014 12:59

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