Landmark Commercial Unit on Durban Point Waterfront

AUCT-000871 | On Auction

4 The Spinnaker, 180 Mahatma Gandhi Road, Point Waterfront, Durban, KwaZulu Natal


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Landmark Commercial Unit, Unit 4 The Spinnaker, 180 Mahatma Gandhi (Point) Road, Durban

Retail unit on Point Waterfront | Size: ± 640 m² | Storeroom | 25 Parking bays

The subject unit is situated on the ground floor of the scheme known as SS The Spinnaker. The unit is exposed to excellent vehicular and pedestrian traffic as it contains two road frontages and is positioned opposite the car park of Ushaka Marine World. This corner unit comprises of a double volume open plan unit and a store room. The unit further comprises of a mezzanine level that is accessed from the first floor of the sectional title scheme by either the elevator or the stairway. The subject unit is allocated 25 parking bays.

This unit will be ideal for office use or retail and commercial uses such as a shop, supermarket, boutique, a spa & beauty salon, however special consent must be applied for with the municipality. The Spinnaker building is situated in Mahatma Gandhi (Point Road), Durban. This building is located between Mahatma Gandhi Road and Albert Terrace. The site is level to road but has a gentle rise from Mahatma Ghandi Road to Albert Terrace.

Mahatma Gandhi Road is the main access road to the Point Waterfront and “uShaka Marine Park”, a 16ha world class marine theme park developed at a cost of R735 million, being the catalyst for the extraordinary transformation of the Point precinct and the revival of the area in general. This, together with the commitment from the Metro Council in upgrading roads and buildings in the area, (with the assistance of R310 million commitment from the European Commission for capital projects in the inner city over the next three years), has seen the area being transformed from a previous slum area to a upmarket upper class niche area. The subject property falls on the periphery of the Durban Point precinct just to the south of the uShaka Marine Park car lot.

The Durban Point Waterfront precinct, the focal point of the area, in terms of rejuvenation and redevelopment is bounded by Bell Street to the north, the Indian Ocean to the east, the Harbour entrance to the south and harbour to the west. This area comprises six precincts, uShaka Marine World and a “ribbon strip” along Point Road between Bell Street to the north and Camperdown Road to the south.

The Durban Point precinct offers an upmarket secure lock up and go environment that targets a niche market where people can enjoy the open environment and close proximity to beaches and associated water sports synonymous with those found at Vetches Beach and Bells Beach.

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Commercial Type:
Commercial Building
Web Reference:
AUCT-000871
List price:
POA
Address:
4 The Spinnaker, 180 Mahatma Gandhi Road, Point Waterfront, Durban, KwaZulu Natal
Property Extent:
640 m2
Auction Venue:
The Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
07 February 2019 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: 07 February 2019 11:00 am

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