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R54,519,787

2,583m² Retail For Sale in Durban Central
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RETAIL SHOP WITH BLUE CHIP TENANT (AAA NET)

Web Ref. CL1710
Land size 628.00 m²
Floor size 2583.00 m²
Monthly Bond Repayment
R498,713.91
Ideal investment in central Durban with Blue Chip national chain as a tenant on 5 year lease. Yield of 9.5%. Current rental R5 170 380. Tenant has been in occupation for 30 years and has a pharmacy license attached to the property and is thus unlikely to leave.

Features

Zoning
Retail
Interior
Airconditioning
Sizes
Land Size 628 m²
Floor Size 2,583 m²

Durban Central, Durban

Durban has an interesting history, Vasco da Gama’s passing in 1497, Lieutenant Farewell and Shaka. In 1823 Farewell took part in a British expedition to Natal and then decided to start a settlement there. He persuaded 25 other British colonists to join him, and in June 1824 he built the first houses. Only four of these original settlers remained with him. In July 1824 he visited Shaka from whom he received a large land grant round Durban Bay. Shaka was a warrior, a military leader, and king of the Zulu people of southern Africa (1816-1828). By the time of his death, Shaka had the largest and most powerful kingdom in south-eastern Africa. Berea From these early beginnings Durban was born and with it the “Berea” was formed...
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Google map for 2,583m² Retail For Sale in Durban Central

Disclaimer

While every effort will be made to ensure that the information contained within the Wakefields website is accurate and up to date, Wakefields makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.