R11,000,000
Commercial Property for Sale Durban I Durban CBD
Commercial Property for Sale in Durban. Great opportunity to Acquire this 5 Story Building in the Durban CBD area close to City Hospital and Greyville. The CBD is busy with a wide range of mixed-use properties. Densification at its best in Durban with Diverse Investment Options from Residential apartments, Student accommodation, CMT and retail properties spread throughout.
Durban is a key economic hub in South Africa, and the central area is often at the heart of this growth. This can lead to appreciation in property values over time.
Redevelopment Projects are the popular trend currently, There has been significant redevelopment push in Durban central, including the Point Waterfront which is undergoing a R35 billion mixed-use development. Such projects can increase the attractiveness and value of the area1.
High Demand for Rentals, Durban central has a reputation for excellent buy-to-let opportunities, with a strong demand for rental properties.
This Specific Build is in between two streets. The front of the building is on the popular transport route that has busses that go from CBD through Umgeni road as well as the long-standing taxi rank across the road by teacher's center. The building is located close to the start of the N3 and easy access to the M4.
The building houses a CMT factory which these types of businesses are popular in the area and has some ground floor retail as well as a few vacant floors. There is also a great roof top with a view. Ideal for a student accommodation conversion.
Contact broker for more info.
Features
Zoning:
Commercial
Interior
Power 3 Phase
Yes
Exterior
Security
No
Sizes
Floor Size
2,000m²
Land Size
1,800m²
Parking Bays
Open Parking Bays
2
Extras
Multi Storey • Retail • Warehouse
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Disclaimer: While every effort will be made to ensure that the information contained within the Spire Property Solutions website is accurate and up to date, Spire Property Solutions makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
