Ridgeside Office Block
POA
Umhlanga Ridge, Durban Metropolis, Kwazulu Natal
Property Information
| CODE : | PP1576 |
| Asking Price : | POA |
| Rental Price : | POA |
| Ownership : | Freehold |
| Building Size : | 1167m² |
| Parking : | Yes |
Description
Front edge seaview site with high visibility and exposure
This site has achieved 6 bays per 100 sqm of offices.
We are prepared to offer you a rental option or a purchase option as outlined below.
The rental proposal will be based on a triple nett rentals for August 2012 :
• Offices – R125/m2
• Balcony – R55/m2
• Parking – R700/bay
• Escalation 9% per annum
• Occupation August 2012 (based on a start date of September 2011)
The purchase proposal will be based on the following prices excluding value added tax and excluding agents commission of 4% and based on the current design:
• Offices – R16,670.00/m2
• Balcony – R7,350.00/m2
• Parking – R93,350.00/bay
• Occupation August 2012 (based on a start date of September 2011)
Further to the above if you wish to purchase your sections at any time during the lease period we are prepared to grant you an option to purchase based on a purchase price determined by a 9% yield based on the then current rental.
Should you wish to discuss our proposal in any further detail, please do not hesitate to contact me direct.
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Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.
