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R115 per m²

Gross Monthly Rental
R37,625 Excl. VAT
Lease Period
36 months
Availability
Immediately

GROUND FLOOR UNIT TO LET

This prime commercial / retail ground floor unit is exceptionally well-positioned, at the very entrance to Ushaka Marine world.

It offers 275 square meters of great commercial space in the Spinnaker, one of the foremost buildings in the Durban Point Waterfront.
The whole ground floor is available to let and this can be let as one large office, or alternatively, it can be sub-divided into 3 separate offices and rented out to different tenants.

The total floor area of 275 squares, can be let out or broken up into 3 portions of 68, 70 and 100 square meters respectively, with a common area of 47 squares at the back where the kitchenette, ablutions and parking entry reside, plus a front downstairs lobby area, which is a common area to both the downstairs and the already tenanted, upstairs commercial units.

Naturally, adjacent spaces in the downstairs offices space, can be combined, if required.

The common area at the back will divided equally among the downstairs portions, in terms of billing, with the front common lobby area band divided between all tenants in the property (i.e. upstairs and downstairs tenants). The landlord will charge a nominal rate for sharing the "lobby" with the upper floor, and this will be divided among all the downstairs tenants.

Note that because the circulation space is separate from the offices, the usual 20 squares per person doesn't apply when only considering the office space - the 68 square portion is effectively 68 + 47 / 3, which is an 84 square meter space, so it will comfortably take 4 people (not the 'expected' 3) and the billing will effectively be on 84 squares for that space.

There are 3 toilets and a wash up sink, on a small cupboard in the passage. There are 12 bays which are to be shared by the ground floor tenants. (There are 15 in the private garage, but 3 of those are actually for the upper floor) If required, it may be possible to let some of those 'spare' bays to the ground floor tenants who need more than their allotment, but they would be separately billed for those and the 5-year lease "no charge for parking" would not apply to those bays, of course.


RENTAL OPTIONS

TOTAL COMBINED DOWNSTAIRS AREA

Total internal area of unit : 275m2 @ R115 / m2 = R31,625
12 secure parking bays : R500 / bay = R 6,000
TOTAL RENTAL : R37,625 (plus vat & utilities)



AREA #1 - 100 m2

Total internal area of unit : 100m2 @ R115 / m2 = R11,500
Pro rata portion of shared areas : 15,55m2 @ R115 / m2 = R 1,788
6 secure parking bays : R500 / bay = R 3,000
TOTAL RENTAL : R16,288 (plus vat & utilities)



AREA #2 - 70 m2

Total internal area of unit : 70m2 @ R115 / m2 = R 8,050
Pro rata portion of shared areas : 10,88m2 @ R115 / m2 = R 1,251
3 secure parking bays : R500 / bay = R 1,500
TOTAL RENTAL : R10,801 (plus vat & utilities)



AREA #3 - 67 m2

Total internal area of unit : 67m2 @ R115 / m2 = R 7,705
Pro rata portion of shared areas : 10,57m2 @ R115 / m2 = R 1,215
3 secure parking bays : R500 / bay = R 1,500
TOTAL RENTAL : R10,420 (plus vat & utilities)


VAT & utilities to be paid by tenant.

Features

0
0
Building Name:
SPINNAKER
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
275m²

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