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Modern buildings with blue chip tenants in sought-after areas

A trio of prime Durban commercial properties is among the lots for Aucor Property’s major multi-property auction at the Houghton Golf Club in Joburg on February 21 at midday.

KZN investors can submit telephonic bids for the following well-located assets:

* 3 The Terrace, Westway Office Park, Dawncliffe, Westville: Westway Office Park is just off the N3, directly opposite the Pavilion Shopping Centre in Westville. The A-grade, modern two-storey building is fully let with an impressive list of blue chip tenants, including BP and Turner & Townsend. The projected income for this year is about R3.4million.

* 12 Sookhai Place, Derby Downs Office Park, Westville: This three-storey modern and well-maintained office block is opposite Westwood Mall in the highly sought-after Derby Downs Office Park in Westville and enjoys frontage on to the King Cetshwayo Highway. Featuring key blue chip tenants, including Woolworths, Discovery and Nashua, the property has a projected gross income of around R2.6m for the year ahead.

* 102 Essenwood Road, Musgrave: Just off the N3 on the corners of Essenwood and Silverton roads and adjacent to Musgrave Centre, this fully-let A-grade four-storey building has private access to Musgrave Centre, an automatic generator and various offices that accommodate four tenants. It is likely to earn its new owner about R7.8m.

For more details, call Gareth Botha at 0832887778 or see www.aucorproperty.co.za.

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