± 5 200 m² Office Building In Durban CBD, 9 Dorothy Nyembe (Gardiner) Street, Durban CBD
Gross Building Area: ± 5 200 m² | 7 Floors of Upmarket and modern offices | Potential Gross Annual Income: ± R7.9 Million | 66 Secured parking bays | Back-up generator | Building serviced by 3 lifts | Corporate tenants
The property is located on Dorothy Nyembe (Gardiner) Street within the Durban Central Business District. 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 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. The property lies within walking distance to numerous colleges and FET training centres.
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.
To participate in this physical auction each bidder has to follow the registration procedures.