Retail Redevelopment in Durban CBD, 98 Dr Pixley Kaseme (West) Street , Durban CBD
Extent: ± 1 132 m² | Well positioned high exposure site | Redevelopment opportunity
This property is situated towards the coastal periphery of the Durban CBD and enjoys a strong position for pedestrian trade. Dr Pixley Kaseme (West) Street is a busy arterial which links Durban’s Central Beach precinct to the eastern fringes of Durban’s central business district. The property is within walking distance to the Durban ICC and enjoys very high vehicular and pedestrian exposure.
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 subject property has been historically utilised as a popular retail store and workshop for the famous Larmont Surf Brand. The property is made up of three sections. The first two sections are retail stores, the third is a workshop. The property offers a redevelopment opportunity in a high density residential and retail node.
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