AUCT-001960 | On Auction

± 8 500 m² Commercial Property In Durban CBD

Until Our Next Auction

  • How we Work
    2023-06-22 11:00:00
    ± 8 500 m² Commercial Property In Durban CBD

    ± 8 500 m² Commercial Property In Durban CBD. 292 Anton Lembede (Smith) Street, Durban CBD

    16 Storey building | GLA: 4 x Shops: ± 702 m² & Offices: ± 6 600 m² | Sold vacant occupation | 3 Lifts plus goods hoist | Ground floor retail | Upper floors offices with residential conversion potential (Municipal approval required) | High exposure

    Durban Central, KwaZulu-Natal


    The property is positioned on a corner site, fronting to both Anton Lembede (Smith) Street and Dorothy Nyembe (Gardiner) Street and within walking distance to The Victoria Embankment. It comprises of ground floor retail, reception or lobby area and the lift areas. The remaining upper floors comprises of offices, majority of which is concrete wall partitioned. The property meets the safety requirements with fire hoses, smoke detectors, extinguishers and emergency stairways in place. This property has potential for residential conversion due to it being sold with vacant occupation.

    The property falls within the Durban Central precinct, as per eThekwini’s new Urban Development Zone (UDZ). This is one of 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 eThekwini city, through tax saving incentives applicable to new development or building restoration.

    The neighbourhood within the immediate vicinity of the property comprises mostly retail space on the ground floor and offices and flats on the upper floor levels. Some accommodation has been upgraded, whilst general landscaping and improved cleanliness and security have stimulated new investment in the area.

    The Durban Harbour is easily accessible as well as the N3 Freeway. The property is well serviced in terms of necessary amenities including emergency, medical, educational services and transport facilities.
    Commercial Type:
    Commercial Building
    Web Reference:
    AUCT-001960
    List price:
    POA
    Address:
    292 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 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

    Related Documents

    Loading related documents...

    Property Agent
    Virend Deonarain
                                        In2assets Representative

    Virend Deonarain

    Show number

    vdeonarain@in2assets.com

    Fill in the below enquiry form &
    We will get back to you shortly.
    WhatsApp