Prominent CBD Property, 27-31 Monty Naicker Street, Durban CBD
Multi-level commercial property | Gross lettable area ± 4 600 m² | 3 Street frontages | Ideal for warehousing with ± 4.7 m height on each floor | Proposed plans for student accommodation, retail shops and self-storage units
This very well positioned property is situated towards the coastal periphery of the Durban CBD and occupies three road frontages. 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 property consists of three levels each approximately 1500 m². The tenanted area comprises of the ground floor retail area and part of the mezzanine level on the ground floor. Negotiations are currently being attended to for the extension of the lease.
The ground floor further comprises of 2 retail shops with own entrances as well as workshop/despatch area. The first and second floors comprises of warehouses. There is a 4.5ton goods hoist which services all floors. Each floor enjoys a decent floor to ceiling height.
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