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R90 per m²

Gross Monthly Rental
R232,957 Excl. VAT
Lease Period
36 months
Availability
Immediately
Deposit
R465,914
Annual Escalation
9 %

2588m2 Motor Showroom Facility To Lease

The subject property occupies a prominent site, enjoying street frontage onto Flanders Avenue as well as the M41. This stunning showroom type property is situated a stone's throw away from the entrance to the new Cornubia Mall. The property is complemented by a mix of showroom, office, and workshop space and is supported by ample parking and easy access. The accommodation areas are in good condition and offer an upmarket appearance. These areas are accessed by glass sliding doors as well, as roller shutter doors.

The subject property is located towards the northern periphery of Mount Edgecombe, which is set approximately 16 kilometres north of Durban City Centre. The site is accessed from Flanders Drive and backs onto the M41. The M41 extends north and becomes the R102 (North Coast Road). The immediate vicinity comprises upmarket showroom space as well as office space of a modern nature.

Cornubia is a strategic landholding situated north of the subject property. It was officially launched in April 2014 and will cost around R25 Billion upon completion. It is a mixed-use development, comprising residential, commercial and industrial sites. Cornubia is the first proposed sustainable and fully integrated human settlement in the region and has been declared a national priority project. It will be spread over 1 200 ha, with 80 ha earmarked for industrial development and the remainder for commercial, housing and other social and public facilities that include, schools, clinics, police stations, post offices and multi-purpose halls.

Most desired amenities are offered by the new Cornubia Mall as well as Umhlanga New Town Centre and the Gateway Theatre of Shopping, which are directly accessed from the M41 and are some 2 kilometres away. The property offers easy access and exposure to the M41. The area has witnessed much diverse development of late, which includes residential, office and industrial type properties.

The location offers excellent access to the N2 National Freeway and is in close proximity to the upmarket facilities of Umhlanga.

Features

0
120
Building Name:
Kempster Umhlanga
Zoning:
Mixed Use
Interior
Air Conditioning
Yes
Power 3 Phase
Yes
Exterior
Security
Yes
Sizes
Floor Size
2,588m²
Land Size
5,423m²
Parking Bays
Open Parking Bays
120
 
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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:

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