AUCT-001698 | On Auction

Investment Property, Income Generating Potential or End User Property

40 Esther Roberts (Frere) Road, Glenwood, Durban, KwaZulu Natal

Investment or End User Offices in Glenwood. 40 Esther Roberts (Frere) Road, Glenwood

Site Extent: ± 845 m² | Gross Building Area: ± 330 m² | Potential for 5 or more business tenants | Potential for multi-level residential conversion – zoned GR2 | Sold Vacant Occupation | Clean, well-maintained offices with ample parking areas | Positioned 50m from popular Cane Cutters Food Outlet


This property is positioned approximately 50m from the intersection of Esther Roberts (Frere) Road and Helen Joseph (Davenport) Road, where the famous Cane Cutters Food Outlet is situated. The property comprises of 2 buildings, the main building and outbuilding. The main building comprises of clean and well-maintained offices, both open plan and individual, ablution facilities, kitchenette and a store/filing room. The outbuilding comprises of an open plan office, kitchenette, attached double garage, ablution facilities and covered parking area. The property is fully secure with electric fencing and walls and paved throughout.

The property will be sold with vacant occupation. It can accommodate more than 5 tenants easily and as such provides one with an investment opportunity. The zoning is GR2 which permits multiple unit development. The property is positioned at the corner of Esther Roberts Road and Godfrey Avenue which is a narrow lane that connects to Davenport Avenue. This property is positioned within 220m away from the Davenport Shopping Centre and within walking distance from various popular restaurants, fast food outlets, coffee shops, banks, petrol stations and tertiary institutions.

Esther Roberts Road links easily to the Metro Route (M11) Che Guevara (Moore) Road thus lending convenient access to and from Durban’s Central Business District and all main beaches. The suburb is flanked to the north by the Western Freeway/N3 Freeway and is located on the outskirts of Durban’s CBD and close to the upmarket suburbs of Musgrave and Essenwood. The N3 Freeway is easily accessed. Glenwood is known as the sports hub of Durban. The property is positioned within a 2-minute walk from the Berea Bowling Club.

The suburb is an interesting mix of both ‘old and new’ accommodation and commercial types. Many of the original Victorian dwellings are still in place and the presence of mixed-use type accommodation seems to have blended well with the neighbourhood’s demographic profile. Small commercial nodes are established at major intersections. These are mostly geared towards boutique type retail accommodation, restaurants and small to medium sized office suites. The industrial area of Congella is only a kilometer east.
The area is fully serviced with tarred roads, sewerage, refuse removal and Telkom networks.

Commercial Type:
Commercial Building
Web Reference:
AUCT-001698
List price:
POA
Address:
40 Esther Roberts (Frere) Road, Glenwood, Durban, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
20 July 2022 11:00 am



Auctioneer:
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 20 July 2022 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
vdeonarain@in2assets.com


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