Prime Show room space to Let in Gateway

POA (rental)

Umhlanga Gateway, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP5213
Rental Price : POA
Ownership : Freehold


Description

PROPERTY FACT SHEET:
•The property comprises 2 showrooms, situated on the corner of Meridian and Zenith Close, Gateway, Umhlanga , a prime location in the heart of the Umhlanga Ridge precinct and Umhlanga ‘Motortown’.
•The property is situated in the heart of all your motor dealerships and in walking distance to 2 major shopping malls namely Gateway and The Crescent.
•There is an arrangement in place with Illovo/Umhlanga Ridge Management Association for 24 reserved parking bays (13 basement and 11 open parking bays).

THE PREMISES:
The property has 2 showrooms, with a total usable area of 1,335m2, broken down as follows;
Showroom 1 (prime section on the corner of Meridian/Zenith Close)
• Showroom/Offices: 480m2
• Mezzanine/Workshop: 245m2

Showroom 2 (excellent exposure off Meridian Close)
• Showroom:505m2
• Offices/staff facilities: 105m2

Monthly Rental (Excluding VAT, utilities andmaintenance) : R250,000-00
calculated as follows;
1. S/room 1 - ground floor area measuring 480m2
2. S/room 1 - mezzanine level offices/workshop area measuring 245m2
3. S/room 2 - ground floor area measuring 505m2
4. S/room 2 - mezz/level offices/ablutions measuring
5. Open parking (for vacant area) – 11 @ R400-00 each
6. U/cover/Basement parking – 13 @ R500-00 each

Lease – 5 Years
Escalation – 8%
Deposit – 2 Months of the Last Years Rental

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Contact the Agent

Yianni Pavlou » ++27 82 494 4555
[email protected]

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Please Note 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.

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