Prime Residential Mixed use Block for Sale
Berea, Durban Metropolis, Kwazulu Natal
|Asking Price :||POA|
|Land Size :||374m²|
The property is located at 199 King Dinuzulu (Berea) Road, within three kilometers of the Durban Central Business District. In the recent years there has been an increased popularity of decentralized office space, many residential dwellings have been granted special consent and been converted and upgraded to offices.
The area has at present, mix uses of residential, commercial and business properties. The neighborhood comprises residential houses and flats with ground floor shops and upper floor offices. The property is close to the Berea Centre, Musgrave Centre, Davenport Centre and Durban University of
Technology and enjoys excellent passing vehicular traffic and pedestrian trade. The property is easily
accessible from the N3 west bound. Vehicular access is via a right of way from a lane ( reflected as Florence avenue on the SG Diagram) and pedestrian access is obtained from King Dinuzulu (Berea) Road. The property is within easy walking distance of retail shopping, restaurants, other forms of entertainment and commercial services. Many Educational facilities are in the area. The area is fully serviced with tarred roads,
sewerage; refuse removal, data and telecommunications networks.
The property comprises a 4 storey building with 1 street level retail unit and 14 flats. The property is fully let with a current gross annual income of R734 000.00. The ground floor consists of a retail shop and 2 bachelor flats. The first, second and third floors comprise of 4 flats on each floor with each floor being made up of 1 x
Studio Flat, 1 x Bachelor flat, 1 x one bedroom flat and 1 x two bedroom flat. The retail unit is currently let
to a liquor store, it has a kitchen area at the rear and basement store room. Access to the first, second and third floor is via 2 stair cases. As per the seller the bachelor and studio flats comprise a Kitchenette, bedroom and bathroom with shower basin and toilet. The 2 bedroom flats consist of 2 bedrooms, lounge / dining room, kitchen and bathroom with shower basin and toilet. All flats have recently been refurbished and are fitted with prepaid electricity metres and have their own geysers.
Yard improvements include concreted court yard / parking area and driveway, and wall fencing with barb wire.
Contact the Agent
Yianni Pavlou » ++27 82 494 4555
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.