ON AUCTION - 213 MUSGRAVE ROAD, DURBAN INVESTMENT PROPERTY AUCTION IN MOUNT EDGECOMBE, KWAZULU-NATAL AUCTIONED BY IN2ASSETS PROPERTY SPECIALISTS

 This frontline commercial property occupies a prime position at 213 Musgrave Road within the commercial hub of Musgrave. The property lies just 300 metres from the Musgrave Shopping Centre and offers excellent exposure to both vehicular and pedestrian traffic. This location also offers the convenience of being close to area activities. The property is in close proximity to all necessary amenities such as public transport facilities, schools; institutional centres; entertainment and shopping centres.

This commercial property comprises a double storey main building which fronts onto Musgrave Road. The Ground floor comprises of 2 retail units which are presently tenanted by food outlets. Each unit comprises of an open seating area, serving counter, commercial kitchens and ablution facilities.

The first floor comprises of a configuration of ± 5 offices together with a large open plan prayer facility (Musallah) and ablution (Wudhu) facilities.

In addition, the property also offers ancillary units at the rear. These units comprise of a store room, a 3 bedroom outbuilding and a unit that could be used as a bachelor unit.

The property is presently partially Tenanted and generates a gross annual income of ± 564 000.00

The Musgrave area is one of the upmarket suburbs which forms the greater Berea region. This node is bound by Botanic Garden Road to the east; Sydenham Road to the north; Brickfield Road to the west and Berea Road to the south.

The surrounding area is characterized by some retail and office accommodation, whilst upmarket Sectional Title residential blocks complete this node. Musgrave is considered one of the most sought-after locations within the greater Berea region. The area surrounding the property is one of high demand and has good occupancy levels.

 Tenanted Commercial Property on Musgrave Road. 213 Musgrave Road, Durban

Extent: ± 867 m² | 2 x Food Outlets | Office space on 1st Floor | 1 x 3 Bedroom Unit | Gross Annual Income: ± R564K