R40,000,000
R8,951 Excl. VAT
R58,770 Excl. VAT
Commercial Investment Opportunity - R40 000 000
We are please to offer this commercial investment opportunity in Westway Office Park, Westville, Durban. Westway is accross the road from the Pavilion Shopping Centre and Westville Hospital and a stones throw away from the Spagetti Junction where the N2 and N3 highways intersect.
This freestanding office block is made up of three floors with large open plan areas, individual executive offices, balconies overlooking a beautiful valley of natural bush, canteens and ample parking spread over two floors.
Details as follows:
Property Description - Erf 3729 of Westville Ext 35
Street Address - Compendium House, 5 The Crescent, Westway Office Park, Westville, Durban
Floor Area - 2846sqm
Tenants:
Floor 1 - Bowmans Attorneys
Monthly Rent - R139 236.52 + VAT
Lease Expiry - 30/11/2024
Floor 2 & 3 - Compendium Insurance Brokers
Monthly Rent - R354 547.06 + VAT
Lease Expiry - 30/04/2026
Escalation - 6%
Expenses:
Monthly Rates - R58 770.25
Monthly Levies - R8 950.99
Features
Interior
Exterior
Sizes
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