R3,013,000 | 144m² Office For Sale in Somerset Park

We are pleased to present this prime ground-floor investment opportunity, exclusively available through our sole mandate at Holwood Park, located at 5 Canegate Road, Umhlanga Ridge. This modern commercial office complex offers premium office space in one of Umhlanga's most sought-after business hubs.
Property Details:
• Unit: 1 (Ground Floor)
• Size: 144 sqm
• Layout: Open-plan office space
• Facilities: Separate men’s and ladies’ toilets within the unit
• Parking: 2 undercover bays
Financial Overview:
• Income:
o Rental (ex VAT): R31,277.39
o Levies Recovery: R4,333.37
o Total Monthly Income: R35,610.76
• Expenses:
o Rates: R6,175.16
o Levies: R4,333.37
o Total Monthly Expenses: R10,508.53
• Net Income:
o Monthly: R25,102.23
o Annualized: R301,226.78
Investment Highlights:
. Sole Mandate – This property is exclusively available through us
. Open-Plan Layout – Flexible workspace suitable for various business needs
. Ground Floor Convenience – Easy access for tenants and visitors
. Private Restrooms – Separate men’s and ladies’ toilets within the unit
. Attractive Yield – With a 10% capitalization rate, the property is valued at R3,012,267.76, offering a compelling return on investment
. Prime Location – Situated in Umhlanga Ridge, with easy access to major highways and Gateway Theatre of Shopping
. Modern Infrastructure – Contemporary design, high-quality finishes, and a desirable address for businesses
Don't Miss Out!
This well-priced, ground-floor open-plan unit in upper Umhlanga is a rare opportunity to secure a high-yielding commercial asset in a prime location.
For more information contact Greg or to arrange a viewing, contact us today!