AUCT-001947 | On Auction

Accommodation Block in Congella

Girton House, 182 Umbilo Road, Congela, eThekwini Metropolitan Municipality, KwaZulu-Natal

Accommodation Block in Congella. Girton House, 182 Umbilo Road, Congella

3 Storey building | 11 Apartments partitioned into 47 rooms | Money Spinner – R2 600 to R5 500 per room | Current Gross Monthly Income: ± R143K | Potential for student accommodation or private residence Residence (Consent and Approvals from Municipality required) | 20 Parking bays (potential for storage facilities)


This 3 storey accommodation block comprises of 11 sectional title apartments within a block known commonly as Girton House. The 11 sectional title components, which included the existing ground floor retail shops and the apartments above have been reconfigured to form rooms, with a total of 47 rooms on the property. Each room either sleeps 1, 2 or 3 people with occupants either having their own bathrooms or sharing communal bathrooms. All partitions are drywalls. This property can comfortably accommodate over 80 people. In addition, there are 20 parking bays on site of which 12 are covered garages with potential to be converted in to storage garages. This property is a “money spinner” currently generating a monthly income of just over R175000.

The property fronts onto Umbilo Road, from which it gains vehicular and pedestrian access as well. It is situated within the suburb of Congella, which is an industrial node, situated west and approximately 2 kilometres from Durban’s Central Business District and close to the Durban Harbour, however various commercial mixed uses are also conducted in the area.

The property is set on the suburb’s northern border and offers easy access to the Durban CBD. Congella is positioned adjacent to the popular Maydon Wharf Industrial node, which is home to the prominent national companies including Portnet.

The property is set on the northern side of Umbilo Road, which is a one-way route running from the southern region of the harbour to the city centre, whilst Sydney Road runs two roads south and carries traffic away from the city centre. Access to Che Guevara (Moore) Road is approximately 500m from the property. King Dinuzulu (Berea) Road is positioned approximately 750m from the property which provides easy and quick access to the N3 Freeway.

The immediate neighbourhood consists of older type industrial properties comprising workshops, warehousing, factory, offices, commercial and retail components. The property is well appointed in terms of necessary amenities including Durban Harbour, emergency, medical, education services and transport facilities. The Davenport Shopping Centre is within walking distance from the property. The property enjoys excellent exposure to high levels of vehicular and pedestrian traffic.

Commercial Type:
Block of Flats
Web Reference:
AUCT-001947
List price:
POA
Address:
Girton House, 182 Umbilo Road, Congela, 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

Bidding opens in


Auction Date: 18 May 2023 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
vdeonarain@in2assets.com


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