Investment Commercial Building

AUCT-000479 | SOLD

41-43 Charlotte Maxeke Street, Durban, KwaZulu Natal


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Investment Commercial Building, 41-43 Charlotte Maxeke (Beatrice) Street, Durban CBD

Extent: ± 669 m² | Gross annual income: ± R 333K | 4 Retail shops & 1 warehouse | 2 x Road frontages (Beatrice Street & Fountain Lane) | Possible direct access to warehouse | This property is positioned within the Beatrice Street Bus Rank Junction of the CBD

This property is positioned in a sought after location within the Durban’s CBD and is exposed to high levels of vehicular and pedestrian traffic. Positioned opposite Save Rite Supermarket and within the Beatrice Street Bus Rank, this property easily provides an investor with an ongoing income. The property currently comprises of 3 tenants of which one of them being on the premises for over 80 years. One can transform the property into one huge retail/wholesale/ warehouse facility. There is potential to increase the height and add in more floors as well.

The Durban Central precinct, as per eThekwini’s new Urban Development Zone (UDZ) 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.

To participate in this physical auction each bidder has to follow registration procedures which can be obtained on this webpage

Commercial Type:
Commercial Building
Web Reference:
AUCT-000479
Final price:
POA
Address:
41-43 Charlotte Maxeke Street, Durban, KwaZulu Natal
Property Extent:
669 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
25 July 2017 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
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