Office Building With Residential Development Opportunity, 76 Valley View Road, Morningside, Durban
Extent: ± 3 602 m² | GLA: ± 800 m² | Residential bulk: ± 2 663 m² | Annual rental income: ± R 611K per annum | Two floor office building | Parking bays | Residential zoning
This two floor office building is located in Valley View Road which forms part of Morningside, Durban. The building consists of two floors with an open parking area and is accessible via North Ridge Road, leading into Valley View Road which forms part of the highest Ridge of the Durban CBD. The property is surrounded by upmarket residential dwellings and multi-storey blocks which invites this building for a conversion into residential flats. The building has an electric generator installed as well as ducted air-conditioning. Most of the internal walls are dry walling which allows easy conversion to multiple units.
Morningside is a suburb of Durban, KwaZulu-Natal, South Africa. It is administered by the eThekwini (Durban Metropolitan Unicity). The suburb is a re-developed area of Durban located about 2 kilometers inland from the Indian Ocean coast, on the south bank of the Umgeni River. Its neighbouring suburbs are Puntans Hill to the west, Essenwood to the south-west, Windermere to the south and Stamford Hill to the east. It is the closest residential suburb to the Moses Mabhida Stadium, which was completed in 2009 on the grounds of the Kings Park Sports Ground.
The Morningside area contains classical examples of large Edwardian and Victorian style homes with tin roofs and wide verandas, including the State President's Durban official residence. Florida Road in the suburb's south west is a nightlife area consisting of shops, restaurants, pubs and bistros.