In KZN the company will knock down a tenanted, mixed-use building with retail and office space on the corner of Kenneth Kaunda Road (formerly Northway) and Umhlanga Rocks Drive in Durban North.
With an opening bid of R27million, this building with high exposure is in “excellent condition” and yields a gross rental per annum of just over R5m.
The gross lettable area is 2000m² with potential to create additional space.
Bidding was brisk for BidX1’s recent auction which was held on November 6, the company reports, with some top lots attracting almost 150 bids.
For further information about the sale, visit https://bidx1.com or call 021 140 3541.