Sectional title retail units in upmarket Umhlanga Town Centre - Durban

Tuesday, 1 March 2016

Item details

City: Durban, KwaZulu-Natal
Offer type: Sell
Price: R 1,230,000
Full Square, m²:73

Contacts

Contact name Ricardo
Phone 0832302867

Item description

For Sale: Sectional title retail units in upmarket Umhlanga Town Centre, close to Gateway Theatre of Shopping.

Ground Floor Retail Units (Purchase separately or together)
Sale Price: Unit 11 - R1 230 000.00 and adjacent Unit 12 - R1 387 000.00 + VAT
NO TRANSFER DUTY

Size: Unit 11 – 55m2 and Unit 12 –73m2
Parking Bays: 2 x covered parking bays per unit
Zoning: Commercial - Office and Retail

Features: Partitioned kitchen, guest toilet & basin, 24/7 surveillance, day time security guards. Roof top common swimming pool and entertainment area. Street side shop frontage with high visibility from Millennium Blvd and Equinox Road.

Choose whether to renew current leases or utilise the spaces as ideal opportunities to run your own business catering to the diverse residential and commercial market inherent in the mixed use building environment.

VAT & Duties: No transfer duty applicable as seller is VAT registered. If property is still tenanted at time of sale, and if purchaser is also VAT registered then the sale can be treated as a going concern and zero rated for VAT, whereby above price will be NETT and free of both VAT and transfer duty.

If purchaser is not VAT registered, 14% VAT shall be added onto the above price, no transfer duty applicable.

Ricardo 083 230 2867 (whatsapp welcome)
ricardo@solidinvestments.co.za
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