Double Storey CBD Block

AUCT-000785 | SOLD

Double Storey CBD Block

40 Fenton Road, Durban Central, Durban, KwaZulu Natal

Double Storey CBD Block, 40 Fenton Road, Durban CBD

Gross Building Area: ± 600 m² | Vacant occupation | Refurbishment opportunity


This CBD property consist of a double storey block which cab be used or converted into student accommodation, , as well as medical suites, law firms, admin offices, training college or residential flats.

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 subject 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.

Fenton Lane is bound by Anton Lembede Street and Margaret Mncadi Street. Anton Lembede Street is one of the main one-way arterial roads running from east to west and bisecting the CBD. The Victoria Embankment and the Durban Harbour are easily accessible; as are the M4 and N3 Freeways. The property is well serviced in terms of necessary amenities including emergency, medical, educational services and transport facilities.

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-000785
List price:
Price undisclosed
Address:
40 Fenton Road, Durban Central, Durban, KwaZulu Natal
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.

Bidding opens in


Auction Date: 25 October 2018 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
071 383 1735
[email protected]


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