CBD Retail & Commercial Property

AUCT-000726 | On Auction

505 Anton Lembede Street, Durban Central, Durban, KwaZulu Natal


CBD Retail & Commercial Property, 505-507 Anton Lembede (Smith) Street, Durban Central

Ground floor retail | 6 Floors mixed use | GBA: ± 3 000 m² | High volume trading area | Current income: ± R150K per month

This ± 3 000 m² commercial property is located on the busy Anton Lembede (Smith) Street in Durban Central. The area sees high volumes of both pedestrian and vehicular traffic and is a popular trading area.

The upper floors have a large number of month to month tenants who operate small textile businesses from the property. The ground floor is home to 3 retail stores and a religious centre.

Additional information on the property and the auction sale can be found in the in2assets bidders pack.

Durban is the largest city in the South African province of KwaZulu-Natal and the third most populous in South Africa after Johannesburg and Cape Town. It is also the second most important manufacturing hub in South Africa after Johannesburg. Located on the east coast of South Africa, Durban is famous for being the busiest port in the country. It is also seen as one of the major centres of tourism because of the city's warm subtropical climate and extensive beaches.

To participate in this physical auction each bidder has to follow the registration procedures.

Commercial Type:
Commercial Building
Web Reference:
AUCT-000726
List price:
POA
Address:
505 Anton Lembede Street, Durban Central, Durban, KwaZulu Natal
Auction Venue:
Storage Unlimited
Durban
KwaZulu Natal
Auction Date:
21 August 2018 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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Auction Date: 21 August 2018 11:00 am

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