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Property For Sale in Durban North – A Profitable Investment Opportunity

Welcome to 41 Adelaide Tambo Drive, Durban North, a property that beckons investors and entrepreneurs with its compelling features and strategic location near Kensington Square. This offering includes both buildings on the premises, making it an ideal prospect for a range of business endeavors.

Property Highlights:

Double Delight: This property comprises two distinct buildings, providing versatile options for your commercial aspirations.

Back Building (Approximately 140m²): Currently leased at a monthly rate of R32,000.00, this spacious area offers immediate rental income and room for businesses to grow and customize their workspace.

Front Building (Approximately 180m²): Currently leased by two doctors with rental incomes of R17,500.00 (Rental 1) and R10,500.00 (Rental 2) per month, this well-equipped space is adaptable for individual or shared use by professionals. All leases, including the back building, are in place until February 2024.

Additional Expenses:

Rates: R10,500.00
Garden Services: R800.00
Security Armed Response: R550.00
Meter Reading Company: R500.00
General Maintenance and Repairs: R1,000.00

Durban North is a prime location for businesses, known for its vibrant commercial scene and accessibility to essential amenities. With existing leases in place until February 2024, you can step into this investment with confidence. The suburban office zoning further enhances its appeal, allowing you to tailor these buildings to your specific business needs.

Contact Bradley at Spire today for further details.