Industrial property adjacent Durban harbour. Single tenant, single floor, new 5 year lease, 10% Escalation, 11.91% Yield! FAR: 8x
Industrial Property: Durban, KwaZulu Natal, South Africa
R 7,500,000 Industrial property adjacent Durban harbour. Single tenant, single floor, new 5 year lease, 10% Escalation, 11.91% Yield! FAR: 8x The building is situated in an established industrial area, adjacent to the harbour. The area is undergoing major change with significant re-development and investment taking place in the vicinity.
Land: 1923m² GLA: 1923m² NOI: R 893,338 Yield: 11.91% FAR: 8x (Good potential for future redevelopment)
