Development Opportunity in High Trade Zone Area of Warwick

AUCT-000945 | On Auction

10 Wills Road, Warwick, Durban Central, Durban, KwaZulu Natal


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Development Opportunity in Warwick Triangle, 10, 12 & 14, Wills Road, Warwick, Durban

Combined property extent: ± 2 459 m² | Close to Warwick Triangle train station and bus rank | High commuter trade zone | 2 Road frontages

The property enjoys prime location amidst an extremely high pedestrian and vehicular traffic node. There are two registered properties with two street frontages, Wills Road and Acorn Road.

The seller has currently made an application to AMAFA for demolition and redevelopment of the property. He has also applied for rezoning of the property to a mixed-use zoning which would allow for a commercial and residential component.

Warwick Avenue is the centre point for commuters to the city centre where many formal and informal traders have established themselves. Every day hundreds of buses, taxis, and trains enter and leave the Warwick Triangle precinct commuting many workers to the centre, as well as thousands of visitors, shoppers, and informal traders. It serves a particular segment of commuters; those living in the rural areas, the townships, and informal settlements. This is the place of trades and occupations not found elsewhere in the city. Warwick Junction itself has become the site of urban reconstruction with many unusual developments; the creation in one sense of the African bazaar.

The area is well served with health facilities and educational institutions. Just across the freeway is the sprawling DUT (Durban Institute of Technology) which has assembled the previous two Technical Colleges, and students seek accommodation within the Warwick Junction area. There are a number of schools and churches nearby.

To participate in this physical auction each bidder has to follow the registration procedures.

Commercial Type:
Development
Web Reference:
AUCT-000945
List price:
POA
Address:
10 Wills Road, Warwick, Durban Central, Durban, KwaZulu Natal
Property Extent:
2459 m2
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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