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3156m Tenanted Showroom For Sale

The subject property is located within the Riverhorse Valley Business Estate. Riverhorse Valley Business Estate is a development of excellence and is one of Moreland Developments' and the City's flagship projects, occupying a highly visible and prominent location alongside the N2 Freeway. The property is more formally described as being set within the eastern precinct of the estate, as it lies east of the N2 Freeway, which bisects the node. The property enjoys a central position within the estate, in close proximity to major arterial routes bisecting the node.

The property comprises an irregular shaped site which is level in gradient and set at the entrance to Island Circle. This building is single tenanted with a gross annual income of R3219120,00 and a new five year lease. The building is set to the back of the site, creating an open parking area to the front, whilst offering total of 48 open parking bays. The building areas are complemented by a mix of showroom, office, and delivery space set over two floors measuring a total of 3156m of gross lettable area. The accommodation areas are in good condition and offer an upmarket appearance. These areas are accesses by glass sliding doors as well, as roller shutter doors.

Features

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0
Title:
Freehold
Zoning:
Commercial
Interior
Air Conditioning
Yes
Exterior
Security
Yes
Sizes
Floor Size
3,156m²
Land Size
4,075m²

Riverhorse Valley, Durban

The N3 National Freeway and the M4 southern freeway meet at the gateway to Durban CBD forming what is commonly known as the ‘Warwick Triangle’.  This area is home to Durban’s main taxi rank. The industrial nodes of Congella and Maydon Wharf, home to prominent national companies including Portnet, border the harbour and south of the subject property. The Durban Central precinct, as per...
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

13,353,900.17

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