CBD Commercial Building, 100 Stalwart Simelane (Stanger) Street, Durban CBD
± 550 m² Ground floor retail | ± 1 100 m² Commercial | Perfect redevelopment opportunity | Zoning allows for residential conversion
This very well positioned property is situated towards the eastern periphery of the Durban CBD Stalwart Simelane Street in close proximity to the Durban ICC. The property enjoys very high exposure and is easily accessible by vehicles.
The neighbourhood within the immediate vicinity of the subject property comprises mostly service industrial, multi-level warehousing, residential block of flats, hotels, retail space and is the vehicle sales hub of the CBD. The property is also close to the Hilton Hotel, the Kingsmead Cricket grounds and the Kingsmead Office Park.
The Victoria Embankment and the Durban Harbour are easily accessible; as are the M4 and N3 Freeways. This node has enjoyed improved cleanliness and upgraded security which have stimulated new investment by property funds who have injected capital into urban regeneration projects in the area.
The property consists of a ground level retail space of ± 550 m² as well as two levels of commercial space of ± 550 m² each. The property provides a great opportunity for any new owner to either occupy or redevelop.
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.
Viewing: 5 March 2019 from 14h00 to 15h00
To participate in this physical auction each bidder has to follow the registration procedures.