AUCT-001942 | On Auction

Accommodation Block In Durban CBD

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    2023-05-18 11:00:00
    Accommodation Block In Durban CBD

    PORTFOLIO DISPOSAL: Accommodation Block In Durban CBD, Pearl Heights, 18-20 Dr Langalibalele Dube (Winder) Street, Durban CBD

    5 Storey Building | 57 Rooms to Accommodate 110 individuals | Newly painted and refurbished | Communal Fitted Kitchens & Bathrooms, Automated lighting, CCTV Cameras, Biometric Access System | Sold vacant occupation | Ideal for Student Accommodation (with special consent) or Private Accommodation.

    Durban Central, KwaZulu-Natal


    This 5 storey accommodation block is ready to be used as student accommodation (with special consent) or even private residential. It consists of 57 rooms which can accommodate 110 people. Rooms accommodate 1, 2 or 3 students with plenty of communal showers and ablutions facilities on each floor. The building further comprises of a communal study room/entertainment room, on the 4th floor which are incomplete projects. The remainder of the building has been repainted and refurbished.

    This very-well positioned property is situated towards the coastal periphery of the Durban CBD approximately 400m from the beach.

    Dr Langalibalele Dube (Winder) Street is a busy arterial which links Durban’s central business district to Durban’s Central Beach precinct to the. 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 property comprises mostly of 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 various tertiary institutions, the Hilton Hotel, the Kingsmead Cricket grounds and the Kingsmead Office Park.

    The Victoria Embankment and the Durban Harbour are easily accessible; as well as the M4 and N3 Freeways.
    This node has enjoyed improved cleanliness and upgraded security which have stimulated new investment by injected capital into urban regeneration projects in the area.
    Commercial Type:
    Block of Flats
    Web Reference:
    AUCT-001942
    List price:
    POA
    Address:
    Pearl Heights, 18-20 Dr Langalibalele Dube (Winder) Street, Durban Central, eThekwini Metropolitan Municipality, KwaZulu-Natal
    Auction Venue:
    Mount Edgecombe Country Club
    Mount Edgecombe
    KwaZulu Natal
    Auction Date:
    18 May 2023 11:00 am



    Auctioneer:
    Andrew Miller
    Auction Terms and Conditions:
    R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

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