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Cornubia Warehouse/Office Space For Sale
R 3,200,000
Can I afford this?
17 Photo(s)
10 months ago161 views
General Details
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Description
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Purchase price
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Deposit amount
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Interest rate
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No. of years
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Estimated monthly repaymentR 32,488
Total property loan amountR 3,200,000
Total interestR 4,596,959
Total repaymentR 7,796,959
Interest rate at 10.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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A-Grade 301m² Office For Sale – Prime La LuciaPrice: R5,500,000 + VATSize: 301m²Rates: R12,331 p/mLevies: R10,318 p/mTotal Monthly Costs: R22,649Rental Scenario @ R210/m²• Gross Rental: R63,210 p/m• Net Income (after costs): R40,561 p/m• Net Annual Income: R486,732• Net Yield: 8.85%Location Strengths (Strategic Factors)La Lucia remains one of Durban’s most stable commercial nodes with strong corporate demand, excellent access via the M4, and consistent property performance.Economic Performance (Market & Returns)A-Grade offices in this node achieve R190–R230/m². Rising demand keeps vacancies low, supporting yields between 8%–10%, with this unit sitting firmly in the upper range.Operating Environment (Infrastructure & Services)The office park offers reliable utilities, strong security, landscaped grounds, and smooth traffic flow — ideal for uninterrupted business operations.Social & Lifestyle Benefits (Staff & Client Appeal)Walking distance to La Lucia Mall, gyms, restaurants, medical suites, and public transport makes this node highly attractive to professional tenants.Compliance & Ownership (Legal Factors)Fully compliant commercial building with professional park management, ensuring smooth transfer, clean documentation, and predictable running costs.Environmental Advantages (Design & Park Layout)Shaded areas, green landscaping, and excellent airflow create a cooler and more energy-efficient work environment. Easy access reduces commuting time and footprint.Property Features• Modern interior-designed finishes• 2 boardrooms• Reception• 2 private kitchens• Male & female bathrooms• Split-unit aircon• 14 dedicated parking bays• Secure, fenced office park with intercom accessThis is a high-quality, low-risk investment in one of Durban North’s top-performing office locations.
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Greg Harris
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