Commerical Property with Stable Tenants
90 Durban
Commercial Property in Worcester Central For Sale
90 Durban,
Commerical Property with Stable Tenants
Monthly Bond Payment: R
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*** EXCLUSIVE SOLE MANDATE ***
Situated in the CBD of Worcester, this property would be a great asset in your property portfolio. The property is leased to 2 long standing tenants, with renewals having recently taken place. The anchor tenant has requested to increase their lettable space by 600m² and the owner is in the process of negotiating the lease agreement. This will increase the ROI of the property substantially. Maintenance, including repainting of the entire property has recently been completed, with an investment in excess of R400 000 by the current owner.
The plot is in excess of 3 120m² with street frontage and includes the following :
Front Building:
Charming original building with shutters, previously a house, that has been converted to offices with a kitchen and bathroom, measuring approximately 200m²
Back Building:
Front Section - Warehouse with separate office space
Back Section - Occupied by Government department, with a large public area, 10 individual offices, staff and public bathrooms, as well as a disabled bathroom. There is a central air conditioner and walk in safe. There are 3 garages attached to this section
Parking:
On the left of the building there is secure parking behind an automated gate and has a security guard office. This area could easily accommodate in excess of 20 vehicles. On the right of the building is additional parking open to the road, which could accommodate another 10+ vehicles.
For further information please contact the agent today.
| Bond Payments | R |
| Mun. Rates & Taxes | ZAR 3,950 |
| Web Ref | RXCZ-7993 |
| Property Type | Commercial Property |
| Building Size | 1397m2 |
| Erf Size | 3123m2 |
| Bathrooms | 5 |
Debbie Kietzmann
Full Status Property Practitioner
RE/MAX Helderberg (Somerset West)
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Monthly Bond Payment: R
