6 and 10 Rosetta Road
Prime office space for sale in Windermere, Durban
Key Facts Erf Number
6 Rosetta Road
808 of Durban 557m2
279m2 over two floors
11 on-site parking bays
10 Rosetta Road
807 of Durban 557m2
278m2 over two floors
11 on-site parking bays
Zoned Special consent for commercial/office use
Description This property is centrally located within the vibrantly traded Florida/ Windermere Road precinct which over the past five years has seen a surge in the conversion of residential properties to commercial usage. Most of these conversions have been done by way of ‘Special Consent’ applications. This precinct has been earmarked by the City Council for a blanket rezoning. The Florida/Windermere Road node is a unique precinct, where capitalisation rates ranged from 5,25% to 7,71% in the boom period of 2005–2007. This precinct, and properties like those at numbers 6 and 10, have been trading at values that do not make sense in terms of conventional property investment, as end users are purchasing these properties for the sole purpose of operating a business in this highdemand area and thus moving yields to exceptionally low levels. Located on Rosetta Road, these two adjacent standalone properties are both double-storey buildings that have been extensively renovated and refurbished both internally and externally. They offer a high standard of office space and amenities, having attractive covered balconies supported on decorative columns. The surrounding parking and yard areas have been upgraded and paved. Both properties are fenced and access is via automatic gates. They properties are located across the road from the popular Windermere Centre (8 845m²), offering office staff the highly valued convenience of lunchtime shopping.
Prepared By :
BROLL PROPERTY GROUP (PTY) LIMITED JUNE 2013 031-362 1700
The property is fully let until 31 May 2015 and the tenants are willing to sign five-year leases on similar rentals and escalations.
For more information please contact: Narisa Ramsaroop 031 362 1700 082 302 6057
Disclaimer Broll Property Group has taken every care in the preparation of this report. The sources of information used are believed to be accurate and reliable, but no guarantee of accuracy or completeness can be given. Neither Broll Property Group, nor any CBRE company, nor any director, representative or employee of Broll Property Group, accepts liability for any direct or consequential loss arising from the use of this document or its content. The information and opinions contained in this report are subject to change without notice. No part or parts of this report may be stored in a retrieval system or reproduced or transmitted in any form or by any means, electronic, mechanical, reprographic, recording or otherwise, now known or to be devised, without prior consent from Broll Property Group.
Published on Apr 30, 2014
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