R 40 000 000 | office property for sale in la lucia ridge

Upside Properties is pleased to offer this office building in a well-maintained and secure office park in Umhlanga. Property Specifications: Floor area - 2 000m2 Asking price - R40 000 000 Rate/m2 - R20 000 Estimated Annual Income - R5 591 070 Estimate Return On Investment - 11.43% p.a. Basement Parking Bays - 28 Open/Shaded Parking Bays - 14 Expenses: Monthly rates - R66 451,37 p/m Monthly levies - R18 400 p/m Tenants: Vitalab KwaZulu Natal Operations (990m2) Monthly Rent - R311 256 (Esc 7%) Lease Term - 01/11/2019 — 31/10/2027 Lonfin Wealth Managers (562.40m2) Monthly Rent - R84 360 (Esc 7%) Lease Term - 01/05/2023 — 30/04/2028 Vacant Space (426.10m2) Monthly Rent - R70 306.5 (Esc 7%) Upside Properties specializes in commercial and industrial property in Greyville, Morningside, Musgrave, Windemere, Umgeni, Springfield, Briardene, Riverhorse Valley, Red Hill, Glen Anil, Durban North, Umhlanga, Mount Edgecombe, Phoenix, Cornubia, Dube Trade Port, and Ballito. We also specialize in the Greater Durban area; however, we have concluded deals in other areas around the country, including Johannesburg and Cape Town. For more information or to organize a viewing, contact Upside Properties today!