In2assets will call for bids for prime commercial property in Umhlanga at its next major multi-property auction on June 3 at 11am.
The sale will be a live studio disposal with auctioneer Andrew Miller calling for online bids. On offer are eight well-located and upmarket grade-A office sections in the sectional title office block SS West Palm in Umhlanga’s West Palm Boulevard.
The combined size of the offices is about 1 049m2 , divided into “multiple sections and sizes”, ranging from about 96m2 to 175m2 . Luke Hearn, who is handling the auction for In2assets, says the location is a major attraction.
“The property is in the sought-after West Palm Boulevard in Umhlanga, the business hub of KwaZulu-Natal, and home to many blue chip companies. The offices – to be sold with vacant occupation – have already attracted strong attention from the market as properties in the popular Gateway precinct are rarely offered,” says Hearn.
He says three sections are on two separate title deeds. These are all on one floor and have interleading access. Two other sections, on the third floor, comprise recently fitted inverter generators to cope with future load shedding issues.
The second and third floors are ideal for call centre operations, he feels. Secure basement parking is available in the building and there is also an abundance of street parking. In2assets’s first live studio auction recently attracted 27 bidders from all over South Africa and bids totalling over R53 million were received.
Bidders keen to participate in the Durban live studio online auction on June 3 should download the In2assets app from the App Store (iPhone) or Play Store (Android) or for more details contact Luke Hearn at lukeh@in2assets. com or phone 071 351 8138 or visit www. in2assets.com.