55
Key access features include: •
Approximately 23 metres of road frontage Dual basement vehicle access ramps
• • • •
Central pedestrian entrance
Excellent public transport connectivity Convenient access to the N3 National Route
• Walking distance to government offices, retail facilities and banking institutions
The prominent CBD position provides exceptional visibility and convenient access for both staff and visitors.
Amenities
The surrounding commercial precinct offers a comprehensive range of business and public amenities including: • Provincial Government offices • Msunduzi Municipality offices • Financial institutions • Retail centres • Restaurants and cafés • Hotels • Medical facilities • Educational institutions • Public transport services • Professional service providers
The property is fully serviced with municipal electricity, water and sewerage infrastructure and is zoned Core Mixed Use 1 , providing significant flexibility for a broad range of commercial and mixed-use activities.
Building Areas Description
Approximate Area
Ground Floor
870 m²
First Floor
840 m²
Second Floor
840 m²
Third Floor
509 m²
Basement
813 m²
Total Gross Building Area
3,872 m²
Gross Lettable Area •
Office Accommodation: 3,300 m²
• Basement Parking: 14 secure parking bays The generous floor plates and practical office configuration provide flexible accommodation suitable for large institutional occupiers.
Lease Details
The property is currently leased to the Provincial Government of KwaZulu-Natal , providing investors with a secure government-backed income stream.
Lease period
1 December 2023 – 30 November 2028
Escalation
7%
Monthly office rental (excl. Vat)
R 494 940.27
Monthly parking rental: 14 bays (excl. Vat)
R 9 617.16
The long-term government tenancy provides a secure and predictable income stream, enhancing the property's investment appeal.
Made with FlippingBook Annual report maker