AUCT-001954 | On Auction

High Exposure Retail Premises in Durban CBD

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    2023-06-22 11:00:00
    High Exposure Retail Premises in Durban CBD

    Retail Premises in Durban CBD. 136 Anton Lembede (Smith) Street, Durban CBD

    Extent: ± 637 m² | GBA: ± 823 m² | Ground floor retail space | First floor offices | Exposure to high levels of passing trade | Vacant occupation

    Durban Central, KwaZulu-Natal


    Located towards the coastal periphery of the Durban CBD, this property is well-positioned and conveniently situated close to the intersection of Stalwart Simelane Street and Anton Lembede (Smith) Street. Anton Lembede (Smith) Street is a busy arterial which connects Durban's Beach precinct to the Durban Central Business District, making this location highly accessible and well-connected.

    The property is within walking distance to the Durban International Convention Centre, one of the largest convention centres in the country, and as such, enjoys very high vehicular and pedestrian exposure. The surrounding neighbourhood is a bustling mix of multi-level warehousing, residential blocks of flats, hotels, retail spaces and is the vehicle sales hub of the CBD, providing a diverse range of amenities in the immediate vicinity of the property.

    This property offers the perfect retail opportunity with approximately 562 m² of Ground Floor Retail space and ± 100 m² of first floor offices. The property previously functioned as a bank and also offers ± 150 m² of Bank Vaults. The property is accessed directly of Anton Lembede (Smith) Street and enjoys excellent exposure to high levels of pedestrian and vehicular traffic.

    Additionally, the property is in close proximity to various tertiary institutions, including 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, making this an extremely well-connected location.

    The area has undergone significant improvements in cleanliness and security, which have stimulated new investment, capital injections and urban regeneration projects in the area, making it an attractive location for businesses and investors alike. Overall, this location offers excellent access, exposure and a diverse range of amenities, making it an attractive proposition for a variety of businesses.
    Commercial Type:
    Retail Space
    Web Reference:
    AUCT-001954
    List price:
    POA
    Address:
    136 Anton Lembede (Smith) Street, Durban Central, eThekwini Metropolitan Municipality, KwaZulu-Natal
    Auction Venue:
    Mount Edgecombe Country Club
    Mount Edgecombe Country Club Estate
    Mount Edgecombe
    KwaZulu Natal
    Auction Date:
    22 June 2023 11:00 am



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

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    Muhammad Ali
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    Muhammad Ali

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