ON-LINE “ZOOM” & LIVE AUCTION
THURSDAY, 19 NOVEMBER 2020 @ 11:00 AM
VENUE: THE DURBAN COUNTRY CLUB – 101 ISAIAH NTSHANGASE RD
COMMERCIAL INVESTMENT PROPERTY
CORNER OF GALE ST & DALTON RD AND CORNER OF DALTON RD & BANSHEE LANE
The subject Property is located within the Business Node of Congella, Durban with direct access to the R102 and M4 freeway.
The property is in Gale Street, Congella, consists of Flats, Retail and Commercial Space, is in a prominent corner position, and is in a good condition, overall.
There are seven retail and commercial tenants. Two retail spaces are currently vacant, however, are being actively advertised.
The tenants in occupation include a bottle store/tavern, a roti manufacturer, a laundry and a corner tearoom/takeaway. All current tenants have been at the property in excess of 7 years. The Laundry has been on the property for more than 55 years!
The flats, of which there are six, are above the retail space. One flat is currently vacant, although used by the caretaker. All flats are on a month to month.
A full rent schedule and income statement are available on request.
Extent: 865 m²
Monthly Rates: ± R 6 251.84 (Estimated)
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