Beachfront Flats - Ex Durban Sands Hotel

AUCT-000963 | On Auction

10 Gillespie Street, South Beach, Durban, KwaZulu Natal


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54 Apartments On Durban’s Beachfront, 10 Gillespie Street, South Beach, Durban

54 Apartments sold individually or as a combined lot | Combination of Studio apartments, 1-bedroom apartments and 2-bedroom apartments | Communal braai and entertainment facilities | Communal leisure facilities – swimming pool & squash courts | Sea views | Secure covered parking | Positioned ±150m from beachfront | Additional parking bays available for purchase

The building occupies a large site, enjoying 4 street frontages onto Gillespie Street, Rutherford Street, Sturdeen Place and Hitchins Street. The building is known as 10 South Durban Sands, which was the previously known as the famous Durban Sands Hotel. The 54 apartments on auction are a combination of studio apartments with a balcony, studio apartments without balcony, 1-bedroom apartments and 2- bedroom apartments. All apartments are fitted with built in cupboards in the kitchens or kitchenettes and each apartment has prepaid electricity metres. Each flat has sea views. Each apartment is allocated exclusive secure covered parking. There are various communal facilities available within the building for the use of residents only.

The building is located at the south-eastern periphery of Durban’s Central Business District, set in the suburb known as South Beach. The property is centrally located to public transportation facilities and most desired amenities.

South Beach lies to the south of central Durban, midway between North Beach and Ushaka Marine World, close to Addington Hospital and Durban’s trendy Point area – now a revived development of waterways, upmarket apartments, shops and office space. The property falls within the Durban Central precinct, as per eThekweni’s new Urban Development Zone (UDZ). This is one 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 eThekweni city, through tax saving incentives applicable to new developments or building restorations. Efforts to clean up the city and improve security through urban improvement have generated optimism.

The neighbourhood within the immediate vicinity of the property is characterised by mostly retail space on the ground floor and offices and flats on the upper floor levels. Some of the larger developments in the immediate vicinity include the Holiday Inn South Beach (Garden Court), the Tropicana Hotel, The Durban Spa and the Wheel.

Viewings:
19 July from 13h00 to 16h00
20 July from 11h00 to 13h00
21 July from 12h00 to 14h00

Commercial Type:
Block of Flats
Web Reference:
AUCT-000963
List price:
POA
Address:
10 Gillespie Street, South Beach, Durban, KwaZulu Natal
Auction Venue:
The Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
24 July 2019 02:00 pm



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 25 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
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Auction Date: 24 July 2019 02:00 pm

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