Redevelopment Opportunity

Redevelopment Opportunity

AUCT-000757 | SOLD

656 Currie Road, Musgrave, Durban, KwaZulu Natal


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Redevelopment Opportunity, 656 Currie Road, Musgrave, Durban

Large Colonial Home set on ± 2 017 m² | This property enjoys road frontages on both Currie Road and 12th Avenue | High demand residential neighbourhood

LOCALITY

The property is located in the suburb known as Musgrave and is in close proximity to the Musgrave Shopping Centre. The Musgrave area is one of the upmarket suburbs which form the greater Berea region. This node is bound by Botanic Gardens Road to the east; Sydenham Road to the north; Brickfield Road to the west and Berea Road to the south. The properties are set close to the N3 National Freeway, which offers direct access to the Durban Central Business District. 656 Currie Road is positioned near the corner of Argyle and Currie Road and is exposed to high levels of passing vehicular and pedestrian traffic.

The surrounding area is characterised by some retail and office accommodation, whilst upmarket sectional title residential blocks complete this upmarket node. Musgrave is considered one of the most sought after locations within the greater Berea region. The area surrounding the subject property is one of high demand and has good occupancy levels. Redevelopment is a common sight in these areas. Few properties are changing hands and new construction is required to satisfy demand.

The property is well appointed with regard to location and is in close proximity to all necessary amenities such as public transport facilities, schools; institutional centres; entertainment and shopping centres.

PRIMARY USE

This grand dame is a colonial style home dating 1909 and consists of 3 large bedrooms and two large bathrooms complete with ball and claw baths. The main bedroom has a large walk-in dressing room and a hobby/sewing room. The house has high ceilings and a large patio ideal for those hot summer days. The property faces the Durban CBD with incredible views. There are two outside rooms which include two staff quarters and a double garage directly off Currie Road. There is a pre-paid electricity meter installed.

Redevelopment Opportunity

There is an opportunity for a visionary developer to create a higher density residential development. The seller appointed a professional to apply for a demolition permit from AMAFA on 15 June 2018 however no response has been received as yet. Many properties in Currie Road has been redeveloped to multi-unit and multi-storey units.

Important Notice

The house has understandably dated and suffers from wood rot and broken electrical wiring. The seller will therefore not assume responsibility for either electrical or entomology certifications.

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.

Viewings: 2 & 16 October - 14h00 to 15h00

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

Commercial Type:
Development
Web Reference:
AUCT-000757
List price:
Price undisclosed
Address:
656 Currie Road, Musgrave, Durban, KwaZulu Natal
Property Extent:
±2017 ha
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
25 October 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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