The property will be sold on the basis of vacant occupation.
The property occupies a high exposure position, opposite The Square on La Lucia Ridge, and is situated within extremely close proximity to a number of amenities including Gateway Shopping Centre and the new Umhlanga New Town Centre, both situated less than 1km away.
The property is surrounded by numerous free hold and sectional title complexes, and the immediate vicinity features a host of prominent national tenants including Unilever, BOE, Discovery Health and FNB.
The triple storey property comprises 4 sectional title units which are currently used as one unit, and extends over a total GLA of 961m². The ground floor, section 11, features a well-appointed reception area, 5 partitioned offices, 2 open plan offices, an executive office, kitchenette, store room and his and hers ablution facilities.
The area also hosts large boardroom and lounge area with a fully fitted bar area, which opens onto an entertainment patio. A koi pond surrounds the ground floor frontage and entertainment patio.
The first floor, section 10, hosts a large open plan office area, 3 adjoining partitioned offices, 2 separate offices, an executive office, storeroom, server room and printing room.
The second floor includes a combination of sections 8 and 9, and both units comprise an open plan office area, kitchenette, his and hers ablution facilities and 7 offices. The property features ample parking in the form of 36 undercover parking bays and 12 open bays.
Comments Mark Bennett of Auction Alliance, “The property’s excellent exposure, amount of parking and proximity to numerous amenities, makes it an ideal opportunity for an investor renting out individual units, or for a national tenant seeking a position in Durban”.
Auction Alliance recently launched a state-of-the-art mobi site that uses the newest mobile technology. This makes locating investment property as easy and convenient as possible, and is just another way of ensuring that their clients are constantly kept ahead of the game.
The auction takes place at 11am at the Oyster Box Hotel, 2 Lighthouse Road, Umhlanga Rocks.
