Durban Central Business District and High Court Rejuvenation develops confidence in Central Durban Investments

While the Durban CBD has over recent years seen a decline in popularity as an A Grade business location, the City has of late been attempting to bring businesses back with the creation of the eThekwini’s Urban Development Zone (UDZ).

Durban Central Business District and High Court Rejuvenation develops confidence in Central Durban Investments

While the Durban CBD has over recent years seen a decline in popularity as an A Grade business location, the City has of late been attempting to bring businesses back with the creation of the eThekwini’s Urban Development Zone (UDZ). 

In keeping with this initiative by the municipality, coming up for auction on 25 February is an extremely well appointed, 1935m² upmarket office building located at 30 Dullah Omar (formerly Masonic) Grove which is situated just a stone’s throw from the Durban High Court.

The property falls within the Durban Central Business Precinct, which 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 by uplifting existing buildings and areas.

“This upgraded modern office building is certainly a fantastic example of what can be done in the Durban CBD with the major renovations completed in the last six years boasting the very best of finishes throughout,” says Scott McNair of commercial property specialists In2assets, who are handling the sale.

Further to the general UDZ upgrades, a major revamp is planned specifically for the Durban High Court and adjoining properties in the near future, which will further uplift the immediate surrounds including the properties opposite to 30 Dullah Omar Grove.

The ground floor of the building is home to the Long Adjournment (LA) Café, which offers a popular lunch or coffee break away from the courts and thus will be well known to any of the attorneys, lawyers or advocates who spend their days at the court precinct. The upper floors of the building house offices which are home to tenants including law firms and government departments.

The property will be sold by sold on the 25th of  February 2016 as part of In2assets Combined Commercial Property Auction at the Durban Country Club and more information can be downloaded from the In2assets website or the new In2assets PropChat facility or can be directly obtained from Scott McNair on 0828305208 or smcnair@in2assets.com

Posted by In2Assets