2 x Commercial Units Within Durban CBD, Units 44 & 46 Cato Heights, 57 Cato Street, Durban CBD
Unit 44: ± 286 m² - Ground floor | Unit 46: ± 358 m² - First Floor | Total GLA: ± 644 m² | Neat & well maintained offices and warehouse | Drive in access to ground floor | Excellent exposure | Units sold individually and as a combined lot
The two units form part of a sectional title scheme known as Cato Heights, which is a 14 storey building positioned within the Durban CBD. The ground floor unit in extent of 286 m² is currently used as various storage and warehousing however, this unit has potential to operate as one huge 600 m² warehouse. It has shop front windows to Cato Street and drive in access via two roller shutter doors. The first floor unit in extent of 358 m² is currently used as offices with a showroom. Both units are well maintained. There is a goods hoist compartment built in ready for a goods hoist to be installed. A special levy is currently being charged to all tenants in the building due to the current upgrading of the entire building.
The property fronts onto Cato Street, approximately 250m from the Durban Car Terminal and within walking distance to The Victoria Embankment.
The 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 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.
Cato Street is the continuation of Florence Nzama (Prince Alfred) Street and the M4 Arterial Road from the north coast. The Durban Harbour is easily accessible as well as the N3 Freeway. The property is well serviced in terms of necessary amenities including emergency, medical, educational services and transport facilities.
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