Retail and Commercial Building Within Durban CBD

AUCT-000929 | On Auction

372 Dr Pixley Kaseme Street, Durban Central, Durban, KwaZulu Natal


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Central Retail And Commercial Building, 372 Dr Pixley Kaseme (West) Street, Durban CBD

Gross Lettable Area: ± 2 100 m² | Gross Annual Income: ± R9.1 Million | Tenant liable for majority expenses including building maintenance costs and building repairs costs| Situated within busiest trade zone of SA

The property is located within the busiest node of the Durban CBD at the corner of Dr Pixley Kaseme (West) Street and Joe Slovo (Field) Street. 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 of street level retail space on the ground floor and offices and flats on the upper floor levels.

The property is on a level site which is rectangular in shape and offers frontage onto Dr Pixley Kaseme (West) Street, and Joe Slovo (Field) Street, which are subject to high volumes of pedestrian and vehicular traffic.

Viewing: 7 June 2019 from 09h00 to 11h00

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Commercial Type:
Commercial Building
Web Reference:
AUCT-000929
List price:
POA
Address:
372 Dr Pixley Kaseme Street, Durban Central, Durban, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
19 June 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: 19 June 2019 11:00 am

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