R 8 750 000 | retail property for sale in durban cbd

Golden opportunity for the astute entrepreneur / investor. This 24 office building has 19 parking's and is situated just off the esplanade in Fenton Rd. Each unit is sectional title, so could be sold separately at a later date. Each floor has male and female ablutions. The building is zoned commercial / residential, so could be converted to 50% residential and commercial. Cherry on the top is the land has been purchased , so not leased. Most buildings in area have to lease their land. Current rental income 120k pm. Some renovations need to be done, mainly windows. Hence the rock bottom price. Contact Glen Olsen - 083 432 4303 11 floors 19 parking bays 120 k rental income Permission to convert 50% to residential. Fully sectionalized Garages : 19