R 9 090 000 | office property for sale in sibaya precinct

Upside Properties is pleased to announce an opportunity to invest in a section in this office development in the Sibaya Precinct. Property Specifications: - 421m2 - R9 090 000 @R21 591/m² (Grey box) - R10 090 000 @R23 966/m² (Baseline White Box Price) - Backup power - Wheelchair accessible - 15 allocated parking bays with additional visitor parking bays (Additional bays can be purchased) - Communal toilets/ablutions - Easy access to public transport - The building is access controlled and manned 24/7 - On-site café - Access to fully furnished boardrooms/meeting pods, lobby, and multi-use rooftop bar and event space for breaks or client entertainment Finances: - No transfer duty (buy straight from developer) - Only a 10% deposit required. Balance due on transfer - Projected investment return: Up to 10% gross annual yield - Average rental income: R82 400 per month (R200–R220/m²) - Levy Charge is estimated at R35.00 per square meter - Utilities will be billed separately by the body corporate or managing agents, and Municipal rates are billed separately by eThekwini Municipality. - Anticipated Occupation: 1st quarter 2027 Within 150 meters: - Padel court facility - Restaurants, cafés, and sports bar - Indoor and outdoor kids’ play areas (fenced) - Multi-purpose sports field - Indoor and outdoor gym facilities - Outdoor amphitheatre and picnic zones - Forest trail access with direct beach connection - Additional overflow parking for functions - Easy access to M4 highway 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!