Office Space Zumaysha Building, Durban Central

FANTASTIC INVESTMENT OPPORTUNITY

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This ±8 000m2 investment opportunity presents a 53.00% occupied office block that offers a NOI yield of ±10.00% (if fully occupied) and a WALE of 13 months as at May 2021. The price consideration for this investment asset is R71.075 million (R8 859/m2).

Zumaysha House is a commercial building which is a for sale in Joe Slovo Road, Durban CBD. The space has affordable offices in the heart of Durban CBD over 15 floors in this multi-tenanted building. Zumaysha House offers 2 newly refurbisheed elevators, check-in concierge for visitors, secure turn-style access for staff, communal kitchen and his and hers washrooms on all floors. Public transport and all amenities in close proximity. As well as easy access to the M4, M3 highways, and surrounding suburban areas.

Building Description

The Zumaysha Building is a very attractive building situated next to the Durban Habor with stunning offices to let ranging from different sizes. The building is access controlled with 24/7 security onsite. It is multi-tenanted by professional firms and consulting agencies as well as government offices. The offices available to rent in this building have extraordinary views of the ocean living that tranquil atmosphere to it.