54 Apartments on Durban's Beachfront

54 Apartments on Durban's Beachfront

AUCT-001260 | On Auction

10 Gillespie Street, South Beach, Durban, KwaZulu Natal


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DEFAULT SALE - 54 Apartments on Durban's Beachfront. 10 Gillespie Street, South Beach, Durban

Sold as a combined lot | Combination of Studio, Bachelor, 1-bedroom and 2-bedroom apartments | Secure covered parking per unit | Additional parking bays available for purchase | Communal braai & entertainment facilities, swimming pool & squash courts | All flats have sea views | On Durban’s Golden Mile at the beachfront

Situated on Durban’s Golden Mile, Durban Sands is located at 10 Gillespie Street and offers a bird’s eye view of the Indian ocean and the harbour. The block offers an outdoor pool, entertainment and braai facilities, function area, squash court, steam room and private leisure decks. All of the residents within the building enjoy the use of these communal facilities. All of the residents within the building enjoy the use of these communal facilities.

The block comprises of 69 sectional title units of which some are sold and some are currently being registered into private ownership. The remaining 54 apartments that are set for auction comprises of bachelor units with balcony, bachelor units / studio apartments without balcony, 1-bedroom apartments and 2-bedroom apartments. Each unit on auction is allocated a secure undercover parking bay, however, there are ± 32 additional parking bays for sale as well. For further information regarding the additional parking, please enquire via our offices. The entire building is managed by First Resorts & Hotel Management (Pty) Ltd.
The 15-storey building is serviced by 2 passenger lifts, a goods lift and has 24-hour security. The first, second and third floors comprises of the secure parking bays and the fourth floor comprises of the communal facilities. The 54 apartments on auction are spread from the fifth floor to the fifteenth floor.

The 4 bachelor / studio apartments without balcony comprises of a kitchenette and a bathroom. There are 5 bachelor / studio apartments with a balcony that comprises of a kitchenette and bathroom as well. The 37 one-bedroom apartments comprise of a bedroom with built in cupboards, an open plan lounge / dining room, kitchenette and bathroom. The 8 two-bedroom apartments comprise of two bedrooms, spacious lounge and dining room, kitchenette, bathroom and balcony. Note that there may be slight deviations in respect of fixtures and fittings from apartment to apartment.

SS Durban Sands occupies a large corner site, enjoying four street frontages and positioned approximately 70m-100m from the beachfront. It 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.

Please view https://in2assets.co.za if you would like to Bid via the In2assets Bidding Platform. R 50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required.

Commercial Type:
Hospitality
Web Reference:
AUCT-001260
List price:
POA
Address:
10 Gillespie Street, South Beach, Durban, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
22 July 2020 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required.
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Auction Date: 22 July 2020 11:00 am



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