Properties with rental incomes

Excellent prospects in the commercial and industrial markets

● The Alliance Property Group is one of Durban’s leading commercial and industrial property consultants. With a powerful network of contacts and a wide range of collective experience, it has offered its specialist industry services for over 20 years.

The group has acquired two prime listings that it is gearing up to bring to the public. John Lomas, director of the Alliance Property Group, is excited about the two properties as they offer excellent prospects in either the commercial or the industrial market.

At 36 Kings Road is a well-located commercial property, occupying a strategic corner position in one of busy pedestrian shopping nodes of Pinetown, KwaZuluNatal. It comprises three ground-floor shops and three upper floors of modern offices, one of which is occupied by the South African Revenue Service. The building is constructed in low-maintenance facebrick. Ample parking is available with 88 bays. There is a total usable area of 3,960m².

The property produces an estimated net annual income of R3.1m.

The 19/21 Bougainvillea Road industrial property in Queensburgh, KwaZulu-Natal, is ideal for a total redevelopment or occupation by owner-user. The multipurpose site of 52,700m² incorporates two concrete tile/block manufacturing plants, storage areas, industrial buildings and an office block, plus large yard areas. Excellent electricity supply is available. It brings in an estimated net annual income of R4.1m.

The properties are scheduled for auction on Tuesday May 28 at the Hilton Hotel, 12-14 Walnut Road, Durban. For more information and to register your interest, go to www.durbanpropertyauction.co.za or contact John Lomas on 083-250-2713 or 031- 312-7625 and johnlomas@iafrica.com.