Prime Durban CBD Property For Sale

POA

Durban CBD, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP4383
Asking Price : POA
Ownership : Freehold
Land Size : 1165m²
Building Size : 1950m²


Description

The subject property is situated towards the eastern periphery of the Durban CBD within the South Beach
precinct and in close proximity to the Habour. The property is bound by three roads namely Dr
Langalibalele Dube (Winder) Street, Mahatma Ghandi (Point) Road and Robin Lane and therefore enjoys
high visibility and exposure. The neighbourhood within the immediate vicinity of the subject property
comprises mostly service industrial, multi-level warehousing, retail space and vehicle sales. The property is
also close to majority to the hotels on the beach front, the Victoria Embankment and the Durban Harbour.
The property comprises a double storey building with a large retail showroom/ warehouse components on
both floors. The ground floor further consists of a second separate retail component and the upper floor
can easily accommodate 2 tenants. On-site parking is accessed off Mahatma Gandhi Street.
An application must be made to AMAFA for prior approval for any work to be carried out on site.

The subject property occupies a corner site, enjoying street frontage onto Langalibalele Dube (Winder) Street
and Mahatma Ghandi (Point) Street. It is located at the south-eastern periphery of Durban’s Central Business
District. It is set within walking distance of the beachfront. The harbour, the Harbour Car Terminal and the
Customs & Excise Building are close by.
The subject property falls within the Durban Central precinct, as per eThekwini’s new Urban Development
Zone (UDZ). This is one of nine new precincts demarcated within the greater central city, together forming the
UDZ. The aim of creating this zone is to stimulate new investment and urban regeneration to the central parts
of the eThekwini city, through tax saving incentives applicable to new development or building restoration.
The neighbourhood within the immediate vicinity of the subject property comprises mostly retail space on the
ground floor and offices and flats on the upper floor levels. Some accommodation has been upgraded, whilst
general landscaping and improved cleanliness and security have stimulated new investment in the area.
The properties location provides access to all necessary amenities.

Accommodation Details
As per the Seller the approximate Gross Lettable Area is as follows:
Ground Floor ± 1 000 m²
First Floor ± 900 m²
± 1 900 m²

Contact Yianni to discuss this opportunity further.

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Contact the Agent

Yianni Pavlou » ++27 82 494 4555
[email protected]

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Please Note Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.

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