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POA

Commercial Property On Auction in New Town Centre

30 Meridian Drive, New Town Centre, Umhlanga

403 m²

AUCTION

Contact Broker

Cherisse Van Der Merwe

Show Contact Number

Tenanted Medical Facility in uMhlanga

Live and Online Multi-Property Auction: 24 October 2024 @ 12:00

Live Venue: The Bryanston Room and Marquee, Bryanston Country Club, 63 Bryanston Drive, Bryanston

Improvements: 403sqm

Gross annual income: R1.7 Million

Located on the 3rd floor of the Centenary Building at 30 Meridian Drive, Umhlanga, this prime medical space offers a total gross lettable area of 403sqm. The clinic is fully tenanted, with a secured lease in place until 30 April 2029, ensuring stable rental income for the foreseeable future.

The property generates a gross income of approximately R1.7 million per annum, making it an attractive investment opportunity. Positioned in the heart of Umhlanga's vibrant medical precinct, this facility benefits from its proximity to major healthcare services and ease of access for patients.