This is a fantastic opportunity to acquire one of Morningside's most sought after landmarks!
This property presents a unique Investment Opportunity.
If you've lived in or visited Durban, it's likely that you have visited 40 Gladys Mazibuko Road - whether it be dining out at at the fantastic restaurants, grabbing a coffee, or shopping at one of the trendy designer stores which tenant the building. This presents itself as an ideal investment opportunity.
Income:
Monthly Income: R69,811.26 Ex VAT
Monthly Expenses: R14,675.00 Ex VAT
Net Annual Income: R661,635 Ex VAT
Potential additional income of R54,000 p.a.
Features:
- 608m2 Extent / 367m² GLA
- Street facing shop fronts
- Large courtyard +/-200m²
- Shops facing into courtyard
- 2 restaurants (both tenanted)
- Situated right in the middle of busy Morningside office district
Contact us to view or for additional information
