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Commercial Property For Sale in Westville, KwaZulu Natal
R 6,500,000
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General Details
Location:
Size (sqm):1755
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Description
Prime Freestanding Commercial Office Building in Westville – Tenanted Investment or Owner-Occupier Opportunity
This well-maintained freestanding commercial office building offers an exceptional investment opportunity in a quiet and sought-after neighborhood. Currently, two tenants occupy two levels, generating stable rental income, while the remaining two floors are vacant, presenting flexibility for a single tenant or multiple smaller office spaces due to the well-partitioned layout. With air-conditioned offices, and a skylight centreal celing, employees can enjoy a comfortable working environment no matter the weather.
Key Features:
Total lettable 827sqm:
Tenant 1) 150sqm - lease ends February 2026
Tenant 2) 137sqm - Month to month
Versatile Leasing Options: The vacant floors feature multiple partitioned offices, ideal for subdivision into smaller office spaces or for a single tenant.
Stable Rental Income: Two existing tenants provide an attractive investment return with income already in place.
Ample Parking: 27 secure parking bays, ensuring convenience for staff and visitors.
Great Owner-Occupier Potential: Reduce your bond repayments with tenant income while securing a high-value asset for your business.
Excellent Visibility & Security: A remote access gate enhances security and creates an impressive street presence, making the property stand out to passersby.
Whether you`re an investor seeking a strong income-generating asset or a business owner looking for a cost-effective commercial space, this property offers the best of both worlds. Don`t miss out on this prime office investment!
Contact Jordan Buckley today to arrange a viewing.
Rates And Taxes: 17663
Property Reference #: 202503-57575
Agent Details:
Jordan Buckley
PropHunt Properties
21 Outlet Park, 59 Meridian Drive
This well-maintained freestanding commercial office building offers an exceptional investment opportunity in a quiet and sought-after neighborhood. Currently, two tenants occupy two levels, generating stable rental income, while the remaining two floors are vacant, presenting flexibility for a single tenant or multiple smaller office spaces due to the well-partitioned layout. With air-conditioned offices, and a skylight centreal celing, employees can enjoy a comfortable working environment no matter the weather.
Key Features:
Total lettable 827sqm:
Tenant 1) 150sqm - lease ends February 2026
Tenant 2) 137sqm - Month to month
Versatile Leasing Options: The vacant floors feature multiple partitioned offices, ideal for subdivision into smaller office spaces or for a single tenant.
Stable Rental Income: Two existing tenants provide an attractive investment return with income already in place.
Ample Parking: 27 secure parking bays, ensuring convenience for staff and visitors.
Great Owner-Occupier Potential: Reduce your bond repayments with tenant income while securing a high-value asset for your business.
Excellent Visibility & Security: A remote access gate enhances security and creates an impressive street presence, making the property stand out to passersby.
Whether you`re an investor seeking a strong income-generating asset or a business owner looking for a cost-effective commercial space, this property offers the best of both worlds. Don`t miss out on this prime office investment!
Contact Jordan Buckley today to arrange a viewing.
Rates And Taxes: 17663
Property Reference #: 202503-57575
Agent Details:
Jordan Buckley
PropHunt Properties
21 Outlet Park, 59 Meridian Drive
Id Subtitle 1318995480
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Estimated monthly repaymentR 70,441
Total property loan amountR 6,500,000
Total interestR 10,405,831
Total repaymentR 16,905,831
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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