84 Armstrong Avenue, La Lucia, Durban, Kwazulu Natal

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Property Address

84 Armstrong Avenue, La Lucia, Durban, Kwazulu Natal

Title Deed Information
Title Deed Description Section 5, 6, 7 & 8 of Plan 339/2001 known as 84 Armstrong
Avenue, situated at Erf 2812, La Lucia

Title Deed Number
Section 5 ST9638/2012
Section 6 ST9638/2012
Section 7 ST9638/2012
Section 8 ST4057/2012

Extent

Section 5 106 m²
Section 6 106 m²
Section 7 232 m²
Section 8 130 m²

Municipal Value

Section 5 R 1 908 000.00
Section 6 R 1 908 000.00
Section 7 R 3 712 000.00
Section 8 R 2 080 000.00

Locality

The subject units are located in La Lucia Ridge Office Estate, which is home to many of Durban’s multi-national and blue-chip companies. Readily accessible to M4, M12 and N2 which ensures a significant demand. Majority of Attorneys have relocated from the Central Business District to set up practices in the Office Estate.

General Comments
The subject property is Zoned as Commercial.
Please note that we have not arranged for tests or inspections of the service installations.

Property Description / Improvements

The subject Sectional Title Units are located on a fully secure stand which comprises three free standing double storey office buildings and guard house. Fully paved driveway and surrounds, with boundary fences, electrically operated access.

Of the three free standing buildings, two of which relate to this matter and are described
as follows:

Sections 5, 6 & 7 of Plan No. 55339/2001
Improvements: Comprise facebrick double storey office block 464m² in extent with aluminium
windows and doors, PVC gutters and down pipes more fully described as
follows:

Ground Floor:Sections 5 and 6

Section 5: Access from front and rear of building with mirror image both units comprising
concrete floor, floor covering and all internal curtain walls removed leaving
open area.
Damage to ceiling boards, several windows, severe water leaks from first floor,
damaging ceiling.

Two toilets with wash hand basins, both fully tiled.

Section 6: Identical to Section 5, no floor coverings or internal walls, similar damage.
Two toilets with wash hand basins, incomplete, not tiled.

Open staircase with timber treads, several identified as burnt, leads to First
Floor.

Section 7: Large open plan office module with access to three small balconies, two
doors damaged, several ceiling panels, bathroom tiled, (shower, washbasin,
toilet), waste pipe blocked, causing leaks to lower floor and first floor. Kitchen
stripped of fittings, in addition two additional toilets unfinished, no tiles on wall
and floors.

Large open plan office space has no floor coverings, internal curtain walls
removed.

Basically, the modules have been vandalised.

Section 8 of Plan No. 55339/20001

Free standing double storey office building 260 m² in extent of similar construction to
Sections 5, 6 and 7.

Unfortunately, this building has been extensively damaged by fire at first Floor Level and to
a certain extent part of the Ground Floor.

Improvements previously comprised as follows:
Ground Floor: Reception area; open plan office; kitchen; 2 x offices; toilet
First Floor: 2 x Large open plan offices

Expenses
Monthly Rates:
Section 5 ± R 4 913.00 (Estimated)
Section 6 ± R 4 913.00 (Estimated)
Section 7 ± R 9 558.00 (Estimated)
Section 8 ± R 5 358.00 (Estimated)

Value Added TAX
The Seller is a VAT vendor. VAT applies over and above the Purchase Price.

Lease/ Occupancy
The Property is vacant, no lease.

 

Auction Number :

84 Armstrong Avenue, La Lucia, Durban, Kwazulu Natal

Auction Type :

Onsite - Auction

Registration Deposit :

R50000

Auction Location :

Auction Date :

30 June 2020

Auction Time :

15:00

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