56
Esc @ 7%
No. of bays
Monthly rental (excl. vat)
Total monthly rental
Office rental/ month
Period
Year
Parking/month
VAT 15%
01.12.2023 – 30.11.2024 01.12.2024 – 30.11.2025 01.12.2025 – 30.11.2026 01.12.2026 – 30.11.2027 01.12.2027 – 30.11.2028
1
0
14
R8,400.00
R432,300.00
R440,700.00
R66,105.00
R506,805.00
2
7
14
R8,988.00
R462,561.00
R471,549.00
R70,732.35
R542,281.35
3
7
14
R9,617.16
R494,940.27
R504,557.43
R75,683.61
R580,241.04
4
7
14
R10,290.36
R529,586.08
R539,876.44
R80,981.46
R620,857.91
5
7
14
R11,010.68
R566,657.10
R577,667.78
R86,650.16
R664,317.96
Development Potential
The property is zoned Core Mixed Use 1 under the Msunduzi Land Use Scheme, allowing for a wide variety of commercial, retail, office, hospitality and mixed-use developments, subject to municipal approval. The valuation concludes that the existing use as a commercial office building represents the property's highest and best use .
The combination of: •
Prime CBD location
Established government tenancy
• • • • •
Significant gross floor area
Flexible Core Mixed Use 1 zoning
Strong rental income Long-term lease profile
creates an exceptional investment opportunity offering both immediate income generation and long-term capital growth potential. The property has been developed to its full potential in its current configuration and remains ideally suited for continued institutional or commercial occupation
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